India has legalized Cryptocurrency, Binance CEO Changpeng Zhao gave his reaction on Twitter. He said Crypto is legally recognized in India, with a 30% tax.
Crypto is legally recognized in India, with a 30% tax.
— CZ 🔶 BNB (@cz_binance) February 1, 2022
What is Binance?
Binance is a cryptocurrency exchange that allows users to trade digital currencies online. It accepts the majority of the most widely traded cryptocurrencies. Traders can save their electronic funds in Binance’s crypto wallet. Users can earn interest or deal with cryptocurrency using the exchange’s support services.
The union budget 2022 was presented by the Finance minister, Nirmala Sitharaman, in the Lok Sabha on Feb 1, 2022. The budget addresses a tax scheme for virtual digital assets. Virtual digital assets such as cryptocurrencies, NFTs, blockchains, etc., have gained pace in transactions since the COVID-19 pandemic. From the year 2020 onwards, digital assets became popular in India.
