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Journey of Cryptocurrency in India In View of Financial Budget 2022-23

Author

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  • Varun Shukla
  • Manoj Kumar Misra
  • Atul Chaturvedi

Abstract

Recently, Indian Finance minister Nirmala Sitharaman announced in Union budget 2022-23 that Indian government will put 30% tax (the highest tax slab in India) on income generated from cryptocurrencies. Big financial institutions, experts and academicians have different opinions in this regard. They claim that it would be the end of cryptocurrency market in India or it would be possible that RBI (Reserve Bank of India) may launch its own crypto or digital currency. So in this context, in this article, the journey and future aspects of cryptocurrency in India are discussed and we hope that it will be a reference for further research and discussion in this area.

Suggested Citation

  • Varun Shukla & Manoj Kumar Misra & Atul Chaturvedi, 2022. "Journey of Cryptocurrency in India In View of Financial Budget 2022-23," Papers 2203.12606, arXiv.org.
    • Handle: RePEc:arx:papers:2203.12606
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    References listed on IDEAS

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    1. Alessandra Cretarola & Gianna Figà-Talamanca & Cyril Grunspan, 2021. "Blockchain and cryptocurrencies: economic and financial research," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 44(2), pages 781-787, December.
    2. Parthajit Kayal & Purnima Rohilla, 2021. "Bitcoin in the economics and finance literature: a survey," SN Business & Economics, Springer, vol. 1(7), pages 1-21, July.
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