Virtual Digital Asset

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....entation of value exchanged with or without consideration, * with the promise or representation of having inherent value, or * functions as a store of value or a unit of account including its use in any financial transaction or investment, but not limited to investment scheme; and * can be transferred, stored or traded electronically; * (b) a non-fungible token or any other token of s....

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....he purposes of this clause,- (a) "non-fungible token" means such digital asset as the Central Government may, by notification in the Official Gazette, specify; (b) the expressions "currency", "foreign currency" and "Indian currency" shall have the same meanings as respectively assigned to them in clauses (h), (m) and (q) of section 2 of the Foreign Exchange Management Act, 1999. Note:- * Th....