A rickshaw driver from India’s Bengaluru city is generating alot of buzz online after a video of him accepting cryptocurrency as fare began curculating on social media.
This move has impressed many citizens on social media, leading them to praise the driver for his initiative.
A post shared on social media stated, “We accept cryptocurrency,” which sparked an online debate.
Some users praised the driver’s forward-thinking approach, while others pointed out the tax implications of such transactions.
It is worth noting that, under Indian law, income from the transfer of crypto assets is subject to a 30% tax.
Due to this, some have questioned the practicality of the driver’s decision.
One user jokingly remarked that the Finance Minister would be eager to collect the taxes.
