A rickshaw driver in Bengaluru has gained unexpected popularity on social media after putting up a notice in his vehicle that reads, “We accept cryptocurrencies.” This bold move has amused and impressed many, with some praising the driver’s adaptability in embracing digital currencies.
The notice has sparked a lively online debate. While many admire the driver’s forward-thinking approach, others have raised concerns about the tax implications of such transactions. According to Indian law, income from crypto asset transfers is taxed at 30%, leading some to question the practicality of the driver’s decision. One user even joked that the Finance Minister would be keen to collect the tax.
Read more: The government has been urged to reduce the tax on labor visas
Despite the concerns, the rickshaw driver’s gesture has shone a light on the growing interest in cryptocurrencies in India. As the country continues to grapple with the complexities of digital currencies, this unusual incident has brought a smile to many faces.
