The cryptocurrency industry is growing at a rapid pace with Bitcoin, Dogecoin, Ethereum being the hot buzzwords today, even as the government plans to table a reworked bill on crypto assets in the ongoing Winter Session of Parliament. According to NASSCOM, the Indian cryptocurrency market has been growing exponentially over the last few years and is expected to reach up to $241 million by 2030 in India and $2.3 billion by 2026. The government has already said that the income earned from investing in cryptocurrencies would be taxable. It is discussing with stakeholders whether crypto assets should be completely banned or should be allowed in a limited way, with a regulator regulating those.
#Cryptocurrency #Bitcoin #DigiCoin #Ethereum
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#Cryptocurrency #Bitcoin #DigiCoin #Ethereum
Subscribe to Financial Express: https://bit.ly/2TN006o
The Financial Express (FE) is a business paper that’s closest to the people who are in the business of business. From business policies to market trends to new developments, The Financial Express comes packed with incisive news on every relevant issue.
Connect with us:
Facebook: https://www.facebook.com/thefinancialexpress
Twitter: https://twitter.com/FinancialXpress
Website: https://www.financialexpress.com/
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