Taxes, GST, and the digital rupee — Crypto policy in India is going through a big overhaul

• February kicked off with India’s government announcing a 30% tax on all ‘virtual digital asset’ transactions after March 31.
• The country’s central bank is working on the digital rupee, which may or may be based on the blockchain, with a deadline of March 2023.
• Here’s everything that has happened in India’s crypto policy space in February, so far.

It’s been a year of waiting for India to officially present new legislation around crypto law with bare minimum movement public discussion. However, this week saw a flurry of announcements from the government, the Reserve Bank of India (RBI) and the Finance Ministry on what the future could possibly hold.

Here’s everything that’s happened around crypto policy in India just in the month of February, so far: