Have tax rules dented popularity of cryptocurrencies? Read here
The Google Trends data shows that the terms 'cryptocurrency' and 'crypto' were at an all-time high in 90 days on February 1, which was also the Budget 2022 day, where the reading of the term stood at a popularity of 100.
Looks like Indians' interest in cryptocurrencies has deflated since the Budget 2022. The latest data of Google trends shows that crypto popularity in the last 90 days has dived to almost zero levels this week. Among the major queries or topics that are being searched on the platform, related to cryptocurrencies in India - are the 30% tax rate on crypto assets, TDS, and Budget FY23.
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