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Benzinga
Benzinga
Business
Navdeep Yadav

Prominent Indian Politician Wants Assets Like Bitcoin, Ethereum, Dogecoin To Be Taxed Even Heavier — At 50%

India Sushil Kumar Modi Narendra Modi Bihar

Amid the rising popularity of cryptocurrency in India, the former deputy chief minister and finance minister of India’s most populous state Bihar, Sushil Kumar Modi, batted for a 50% tax on gains made from cryptocurrency in an interview with Forkast.

Modi, who is a member of the upper house of India’s parliament from the ruling party, said the country needs to discourage people from investing in cryptocurrencies and digital assets Like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE).

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