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

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

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.”