FM announced tax on cryptocurrency, Instagram reacted with super funny memes

Written By DNA Web Team | Updated: Feb 01, 2022, 06:42 PM IST

(Picture: File Photo)

The imposition of a 30% tax on crypto investments in Budget 2022-23 sparked plenty of funny social media reactions.

Various policies and initiatives were introduced in the Union Budget 2022-23 unveiled by Finance Minister Nirmala Sitharaman on Tuesday, ranging from agriculture to digital investment. Many social media users shared their thoughts on the government's plan to put a 30% tax on cryptocurrency transfers in Budget 2022. 

Here are the best memes, messages and social media reactions

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

A post shared by iTechblog (@i_tech_blog)

 

 

 

 

 

 

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

A post shared by Numbr (@getnumbr)

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

A post shared by Jar App (@jarapphq)

 

 

Previously, Cryptocurrencies were not backed by a government or any central authority. Instead, they traverse a network of computers. It was exchanged without the use of a middleman from peer-to-peer on the internet. Several handles on social media uploaded hundreds of hilarious reactions to the new levy on crypto income.