Current Affairs · Economy and Cryptocurrency
With reference to Stablecoins, consider the following statements: I. These are blockchain-based digital assets designed to maintain a relatively consistent value over time. II. They are typically pegged to assets such as fiat currencies (for example, the US Dollar), commodities (such as gold), or a basket of assets. III. In India, gains arising from the transfer of stablecoins are subject to a flat tax rate under the provisions applicable to Virtual Digital Assets. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I and II only
- 2I and III only
- 3II and III only
- 4I, II and III✓
Correct answer
I, II and III
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