Coindcx CEO welcomes budget

Nirmala Sitharaman, the Finance Minister, delivered the Union Budget 2022-23 in Parliament today. The government has proposed expanding highways across the country by 25,000 kilometres, allocating Rs 60,000 crore to the Nal se Jal scheme, five river link projects across various states, an additional Rs 48,000 crore to the PM housing scheme, and boosting infrastructure development in the North East as part of five major infrastructure projects.

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Sumit Gupta, Co-founder & CEO, CoinDCX on Finance minister Nirmala Sitharaman’s announcement on Union Budget 2022 commented, "The budget is forward-looking and inspirational. It has touched key points that'll help us create modern, powerful, digital, and sustained growth. We welcome the budget and congratulate the Finance Minister for a futuristic budget."

On Taxation he stated, "Taxation of Virtual Digital Assets or Crypto is a step in the right direction. It gives much-needed clarity and confidence to the industry. India's focus on digital innovation and the promotion of blockchain technology is welcome."

Furter adding on CBDC, "Introduction of CBDC sends a clear signal of India being a digital-first, efficiency-driven, and transparency-led system. CBDC with the backbone of Blockchain will help us hold a powerful position in the global economy. We welcome the move and congratulate the govt for this visionary move."