News > 'Crypto Is Like 'Casino' & Gains Should Be Taxed At 50%'

'Crypto Is Like 'Casino' & Gains Should Be Taxed At 50%'

CNBC TV18 | 05/04/2022 10:31 PM | Click to read full article

Amid the growing popularity of cryptocurrencies in India and worldwide, former Bihar deputy CM and finance minister and now Rajya Sabha MP Sushil Kumar Modi batted for a 50 per cent tax on gains made from cryptos and digital assets.

He said: “Crypto is like gambling, it is like lottery, it is like a casino, it is like horse racing -- and in all these things the tax rates are very highly.”