Cryptocurrency has not yet been given legal sanction in India though it has been mentioned that RBI would bring in digital currency - Central Bank Digital Currency (CBDC) using blockchain and other technologies from 2022-23.
source https://www.caclubindia.com/articles/role-of-cryptocurrencies-and-tax-implications-in-budget-2022-46768.asp
source https://www.caclubindia.com/articles/role-of-cryptocurrencies-and-tax-implications-in-budget-2022-46768.asp
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