A rickshaw driver in Bengaluru, India, has sparked significant online attention after a video of him accepting cryptocurrency as fare went viral on social media.
The driver’s innovative approach has garnered praise from many, with a social media post declaring, “We accept cryptocurrency,” fueling an online debate.
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While some users commend the driver’s progressive move, others have raised concerns about the tax implications, noting that Indian law imposes a 30% tax on crypto asset transfers.
This has led to questions about the practicality of accepting cryptocurrency, with one user humorously suggesting that the Finance Minister would be eager to collect the taxes.
