Crypto industry ‘disappointed’ as it finds no mention in Budget

BENGALURU: The crypto industry, which has been seeking a reduction in the rate of TDS on the transfer of VDAs (virtual digital assets) from 1% to 0.01%, remained disappointed with the Budget as there was no mention of crypto or VDAs in Finance Minister Nirmala Sitharaman’s speech.

Crypto exchanges had sought regulatory clarity, saying it was one of the most crucial steps towards a transparent investment ecosystem.