It's unclear why the government official seemed to place NFTs alongside BTC and ETH as possible currencies accepted in India
“People investing in private crypto should understand that it does not have the authorisation of government. There is no guarantee whether your investment will be successful or not, one may suffer losses and government is not responsible for this.”
Somanathan's words followed Indian finance minister Nirmala Sitharaman announcing yesterday that the country , or CBDC, by 2023, adding it could provide a “big boost” to the digital economy. She also proposed that transactions on digital assets be taxed at a rate of 30%.Indian lawmakers have previously floated a bill which could have banned the use of “private cryptocurrencies” in the country. However, a Tuesday bulletin from India’s lower house of parliament showed the legislation was not being considered during its Budget Session through May.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Artists, labels up in arms about 'HitPiece music NFTs' offered without consent'I could go and mint the webpage featuring this article and maybe Newsweek could convince brokers not to list it, but it's still on the chain and in somebody's wallet forever.'
Read more »
Glenfiddich releases Chinese New Year NFTs, symbolizing opportunity aheadScotch whisky maker Glenfiddich is getting in the NFT game with a celebration of Chinese New Year.
Read more »
Indian Budget Provision Allows Government to Define NFTsThe Indian government has retained the power to define non-fungible tokens (NFTs) leaving the crypto industry in a huddle about the future of NFTs in the country. By amitoj
Read more »
Kanye West says no to NFTsHow could you be so heartless? kanyewest shares his thoughts on nonfungible tokens, writing “Do not ask me to do a f*cking NFT.”
Read more »
Coachella partners with FTX US to launch NFTsThe popular music festival will offer various kinds of NFTs ranging from digital collectibles to lifetime passes.
Read more »
Worms NFTs were a great idea for Team17, until they weren't | EngadgetIt didn't take long for Team17 to cancel its NFT plans after they were announced..
Read more »