A rickshaw driver in Bengaluru is making waves online after a video showing him accepting cryptocurrency as fare went viral on social media. The innovative approach has garnered praise from many users, who admire his forward-thinking attitude.
A social media post declaring, “We accept cryptocurrency,” sparked widespread discussion. While some applauded the driver’s initiative, others raised concerns about the tax implications of such transactions.
In India, income from crypto asset transfers is taxed at 30%, leading some to question the practicality of the driver’s decision. One user humorously suggested that the Finance Minister would be keen to collect the taxes.
