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India to launch its own digital currency..
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[QUOTE="arunima25, post: 212646, member: 30475"] Government has said it loud and clear that they are going to put 30 percent tax on cryptocurrency gain. And that would start in this fiscal year. New digital rupee by RBI would be out by next fiscal year. Tax evasion, money laundering and terror funding are few fears that are worrisome for any government and that's why many government around the globe don't legally back cryptos and are trying to bring out a good legal framework for it. And their concern are s legit. Even in the US, lawsuit and Bipartisan law is backed and that is to put tax on earnings through cryptocurrency. Any income in any country has to go through a legitimate way. [/QUOTE]
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