Social Media Urge to Use Monero, Zcash to Avoid India’s Crypto Tax

Privacy coins were in the social media spotlight after India announced that it was imposing a 30% tax on income from cryptocurrencies and other digital assets.

Finance minister Nirmala Sitharaman made the announcement Tuesday while presenting the federal budget. 

‘Got a Problem With That, Tax Evader?’

She also said that the central bank will introduce a digital currency in the next financial year using blockchain and other supporting technology.