2024

<ul class="news-points"> 
 <li>Indian Union Budget 2024-25 fails to address cryptocurrencies, causing uncertainty in the crypto community.</li> 
 <li>The current tax regime for crypto transactions remains unchanged, with a 30% tax and 1% TDS.</li> 
 <li>Mixed reactions from the middle class as the budget introduces a revised tax.</li> 
</ul> 
The Indian government has failed to mention cryptocurrencies in the Union Budget 2024-25, leaving the crypto community in the country uncertain about the future of digital assets.&nbsp; 
Today, July 23, Finance Minister Nirmala Sitharaman <a href="https://www.thehindu.com/business/budget/budget-2024-live-updates-nirmala-sitharaman-union-budget-highlights/article68433121.ece" target="_blank" rel="nofollow">presented</a> the 2024/2025 Budget, which included key announcements such as nine priorities for generating opportunities, including agriculture, employment, and innovation. Moreover, the budget cited the abolition of the angel tax for all startup investors and the withdrawal of the 2% equalization levy.&nbsp; 
Following the release, prominent figures in the Indian crypto community have noted the absence of crypto in the budget. Indian crypto developer Vijay Saran, who took to X to break the news, stressed that there was “not even a single mention of Crypto” in the budget.&nbsp; 
According to Saran, this lack of acknowledgment means that <a href="https://coinedition.com/india-crypto-tax-and-regulatory-concerns-might-knock-out-its-ranking/">the current tax regime</a> fo…
The post <a href="https://coinedition.com/indian-crypto-community-left-in-limbo-as-union-budget-2024-25-ignores-cryptocurrencies/">Indian Crypto Community Left in Limbo as Union Budget 2024-25 Ignores Cryptocurrencies</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Indian Crypto Community Left in Limbo as Union Budget 2024-25 Ignores Cryptocurrencies

Coin Edition

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