IN PICS | India's First CBDC, FTX Collapse, Luna Meltdown: All Crypto Events That Defined 2022

2022 has been a particularly eventful year for the crypto sector. Here is a quick look at some of the major crypto events that made headlines in 2022.

2022 has be2022 has been a particularly eventful year for the crypto sector. Here is a quick look at at some of the major crypto events that made headlines in 2022.en a prticularly eventful year for the crypto sector. Here is a quick look at some of the major crypto events that made headlines in 2022.

India Announced Crypto Tax: At the Union Budget 2022-23, Finance Minister Nirmala Sitharaman proposed a taxation policy on virtual digital assets (VDAs). It meant that all the gains from the sale of VDAs would face a tax of 30 percent. The stringent taxation structure came into effect on April 1, 2022. (Image: Getty)

LUNA Crash: In May, the LUNA cryptocurrency lost nearly all of its value as its interlinked stablecoin TerraUSD (UST) lost its US dollar peg. This resulted in a nearly 97 percent dip in LUNA price below its all-time peak of $118, as seen in April, 2022. (Image: Getty)