For India to have a bright crypto future
- Ankitt GaurAnshul Dhir
- Updated: Feb 03, 2022, 09:50 IST IST
Founders of a digital asset startup argue Budget’s VDA proposal can be a game-changer
The Budget used the term “Virtual Digital Assets” (VDAs). VDAs are a superset for all digital assets being transacted on the blockchain, such as cryptos, non-fungible tokens (NFTs), or any other virtual asset.
There are mixed reactions to the VDA tax regime. But one thing is clear, VDAs are not being unilaterally banned. We have come a long way from the days when a draft bill recommended a 10-year jail term for those who possessed crypto assets.
There are mixed reactions to the VDA tax regime. But one thing is clear, VDAs are not being unilaterally banned. We have come a long way from the days when a draft bill recommended a 10-year jail term for those who possessed crypto assets.
