Mr. Vikram Tanna, COO, Mzaalo
"As a next-gen blockchain-based entertainment platform, we are pleased to see that the government has prioritized digitization in this budget. The announcement of the Reserve Bank of India introducing its very own digital rupee is a sign of a future-ready approach for phenomenal growth. The use of blockchain technology further indicates the government’s increasing trust in new-age technology. We also welcome the introduction of a 30% tax on income from virtual digital assets. The move brings much-needed clarity on how the government views cryptocurrencies and should eliminate any fear the user/investor class might have had around the cryptocurrency ban. All in all, it is a growth-friendly budget with a positive outlook. We now await clarity towards the rollout of these measures in the upcoming days."
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