Cryptocurrencies exchanges have hailed the government's planned taxation of digital assets as a significant step toward recognising cryptocurrency as a new asset class. However, not all gamers are pleased with the change, with some claiming that the 30% slab was too high. Finance Minister Nirmala Sitharaman announced taxation on virtual digital assets, including cryptocurrencies and non-fungible tokens, on Tuesday (NFTs). In addition, the government plans to launch a central bank digital currency, or CBDCs, powered by blockchain technology in 2022-23.