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Crypto players welcome tax move for legitimising bets on risky assets, even as law awaits

The crypto ecosystem has welcomed Finance Minister Nirmala Sitharaman's proposal for a 30 per cent tax on digital assets for legitimising bets on the assets considered as very risky by the RBI, even as a law on regulating such activity is awaited. In her Budget Speech, Sitharaman has proposed the tax on income generated at the sale of any digital asset without any deductions,

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