A timeline of crypto regulations: From ‘illegal tender’ to G20’s nod
1 year, 2 months ago

A timeline of crypto regulations: From ‘illegal tender’ to G20’s nod

Live Mint  

Finance ministers of G20 nations have now adopted the synthesis paper released by Financial Stability Board and International Monetary Fund that carries a number of suggestions on regulations of cryptocurrencies. Here is the timeline of regulatory evolution that the digital currencies have undergone: Feb 1, 2018: Then Finance Minister Arun Jaitley, during the Budget Speech, said government did not consider cryptocurrencies as legal tender or coin and would eliminate use of crypto assets in financing illegitimate activities. Feb 1, 2022: During the Budget speech, Finance Minister Nirmala Sitharaman introduced 30 percent tax on gains made from the sale of cryptocurrencies. Sept 1, 2023: The G20 member nations endorsed the Financial Stability Board’s recommendations on regulation of crypto assets to mitigate risks associated.

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History of this topic

Crypto industry players see light at end of tunnel despite regulatory vacuum. Here’s why
5 months ago

Crypto industry players see light at end of tunnel despite regulatory vacuum. Here’s why

Live Mint  

The Ministry of Finance recently made it clear in a written reply in the Lok Sabha that the government is not considering a law to regulate the transaction of cryptocurrencies. However, crypto industry participants are not too pessimistic about Chaudhary’s statement, which was released at the behest of the Finance Ministry since they pin hopes on a discussion paper on …

India's G20 presidency: A watershed moment in crypto regulation
1 year, 3 months ago

India's G20 presidency: A watershed moment in crypto regulation

Hindustan Times  

In the annals of global diplomacy, India's tenure at the helm of the G20 presidency will be remembered as a period of significant milestones and transformative initiatives. From thriving in a rapidly expanding crypto sector to navigating hurdles such as high taxes, shadow bans on banks working with crypto companies, and the inclusion of cryptocurrency under the purview of PMLA, …

As G-20 plans crypto regulatory framework, India may shelve plan for outright ban
1 year, 4 months ago

As G-20 plans crypto regulatory framework, India may shelve plan for outright ban

The Hindu  

With the G-20 countries agreeing to explore a coordinated regulatory framework for crypto assets, India could wait a while longer before firming up its domestic regulations for crypto currencies, and initiate a dialogue with stakeholders on the way forward. Any country can allow higher risks if they want, or ban it if they like, but whatever one does, it should …

G20 Summit 2023 New Delhi Declaration Crypto Regulation Policy Global Consensus Emerging IMF FSB CBDC Digital Rupee
1 year, 4 months ago

G20 Summit 2023 New Delhi Declaration Crypto Regulation Policy Global Consensus Emerging IMF FSB CBDC Digital Rupee

ABP News  

Prime Minister Narendra Modi announced on Saturday that the G20 had achieved unanimous agreement on a leaders' declaration. Among other notable developments, it appears that the much-discussed global coordination on crypto regulation has taken a solid step forward, as Finance Minister Nirmala Sitharaman said that a “global consensus” is emerging on virtual digital asset policies. Sitharaman said, “Global push for …

Concrete plan needed for crypto: G20 paper
1 year, 4 months ago

Concrete plan needed for crypto: G20 paper

Hindustan Times  

The crypto ecosystem needs comprehensive regulatory and licensing mechanisms for macroeconomic and financial stability, a synthesis paper prepared for the G20 has said, cautioning governments that widespread adoption of cryptocurrencies and assets based on them could undermine the effectiveness of monetary policy, circumvent capital flow management measures, exacerbate fiscal risks, divert resources available for financing the real economy, and threaten …

G20 summit 2023: Crypto market hopeful for constructive dialogue on global regulation
1 year, 4 months ago

G20 summit 2023: Crypto market hopeful for constructive dialogue on global regulation

India TV News  

As world leaders are gathering in India to attend G20 summit 2023, the crypto market is hopeful for a dialogue on the revival of the industry with a common regulation in place. Under the leadership of India's presidency, the G20 countries are reportedly poised to introduce what could be recognised as the first-of-their-kind regulations governing cryptocurrencies and crypto assets worldwide. …

G20 could pave way for crypto regulation, financial inclusion push
1 year, 4 months ago

G20 could pave way for crypto regulation, financial inclusion push

The Hindu  

India’s G20 presidency could leave a lasting legacy for the world’s financial architecture by paving the way for a global template to regulate crypto assets, steering a shake-up of multilateral development banks that could yield additional financing of $200 billion over eight years to help countries deal with emerging challenges, and advancing financial inclusion. India has brought the regulation of …

G20 FM Meeting Nirmala Sitharaman Cryptocurrencies Global Regulatory Framework FMCBG Meeting Gandhinagar Digital Asset
1 year, 5 months ago

G20 FM Meeting Nirmala Sitharaman Cryptocurrencies Global Regulatory Framework FMCBG Meeting Gandhinagar Digital Asset

ABP News  

Cryptocurrencies and digital assets were a significant point of discussion during the Finance Ministers and Central Bank Governors meeting in Gandhinagar, said Finance Minister Nirmala Sitharaman on Tuesday. “The issue of cryptocurrency was also discussed to make a comprehensive, cohesive and coordinated global policy and regulatory framework for them,” Sitharaman told reporters after the conclusion of the two-day meeting. At …

Regulating crypto without global consensus will not be effective, says FM Sitharaman
1 year, 8 months ago

Regulating crypto without global consensus will not be effective, says FM Sitharaman

The Hindu  

Underlining that global consensus is necessary for the regulation of crypto before India makes any move on it, Union Finance Minister Nirmala Sitharaman on April 23 said a global template may have to be created, and everyone will have to work together on it, otherwise regulating it will not be effective. "Their report and IMF's report are going to be …

Crypto issue requires immediate attention, says FM Sitharaman
1 year, 8 months ago

Crypto issue requires immediate attention, says FM Sitharaman

The Hindu  

Issues related to crypto assets require immediate attention and the response of the G20 has to ensure that they do not lose any potential benefits while protecting economies from harm, Union Finance Minister Nirmala Sitharaman has said. Ms. Sitharaman was part of a brainstorming session on "Macrofinancial Implications of Crypto Assets" with G20 finance ministers and central bank governors at …

Any action on crypto assets will have to be global: FM Nirmala Sitharaman
1 year, 8 months ago

Any action on crypto assets will have to be global: FM Nirmala Sitharaman

Deccan Chronicle  

Washington: Union Finance Minister Nirmala Sitharaman on Thursday said that there was a greater acceptance among Group of 20 member countries that any new regulations on the crypto assets need to be globally coordinated. "I am glad to say that there is a greater acceptance among all G20 members, that any action on crypto assets will have to be global. …

Crypto Regulation: India Collaborating With G20 Countries To Formulate Global Policy
1 year, 9 months ago

Crypto Regulation: India Collaborating With G20 Countries To Formulate Global Policy

ABP News  

Minister of State for Finance Pankaj Chaudhary on Monday informed the Parliament that India is working with G20 nations to establish a globally coordinated policy on crypto assets. Finance Minister Nirmala Sitharaman recently announced that there will be additional discussions on crypto assets during the IMF-World Bank Spring Meetings in April, to be held in Washington. Additionally, in July, the …

Money laundering law to apply to crypto trade: Finance Ministry
1 year, 10 months ago

Money laundering law to apply to crypto trade: Finance Ministry

The Hindu  

The government has imposed money laundering provisions on cryptocurrencies or virtual assets as it looks to tighten oversight of digital assets. The notification said, “Exchange between virtual digital assets and fiat currencies, exchange between one or more forms of virtual digital assets, transfer of virtual digital assets, safekeeping or administration of virtual digital assets or instruments enabling control over virtual …

Crypto at G20 Summit: India recommends a joint technical paper by IMF & FSB on regulation
1 year, 10 months ago

Crypto at G20 Summit: India recommends a joint technical paper by IMF & FSB on regulation

India Today  

India has proposed a joint technical paper by the IMF and the FSB for help in the formulation of a coordinated and comprehensive policy approach to crypto assets. Both the above agencies are expected to present their papers in October this year, i.e., during the 4th G20 Finance Ministers and Central Bank Governors Meet, stated the Ministry of Finance, following …

Moving towards regulation on Cryptocurrency under India\'s G20 presidency: Nirmala
1 year, 10 months ago

Moving towards regulation on Cryptocurrency under India\'s G20 presidency: Nirmala

Deccan Chronicle  

Bengaluru: Union Finance Minister Nirmala Sitharaman on Saturday said that the government is progressing towards regulation on Crypto Currency under India's G20 presidency. "Further, in July, the FSB's paper on crypto assets regulation will be tabled so that it could be discussed at the next meeting of the finance ministers and central bank governors," she said. Speaking on the issue, …

IMF, FSB to flesh out crypto regulation in the wake of India’s push at G20
1 year, 10 months ago

IMF, FSB to flesh out crypto regulation in the wake of India’s push at G20

The Hindu  

The International Monetary Fund and the Financial Stability Board are set to formulate a technical paper in a bid to attain a coordinated global approach for the regulation of crypto assets as proposed by the Indian Presidency of the G20. The idea had found backing from U.S. Treasury Secretary Janet Yellen, who also mooted international cooperation to set high regulatory …

India Asks IMF, FSB To Prepare Technical Paper On Regulating Crypto
1 year, 10 months ago

India Asks IMF, FSB To Prepare Technical Paper On Regulating Crypto

News 18  

India, which is currently holding G20 Presidency, has asked the IMF and Financial Stability Board to jointly prepare a technical paper on crypto assets, which could be used in formulating a coordinated and comprehensive policy to regulate them. In their entirety, the IMF’s discussion paper, the policy seminar and the joint IMF-FSB paper are expected to integrate the policy questions …

International Monetary Fund flags debt restructuring hurdles, says banning crypto should be an option
1 year, 10 months ago

International Monetary Fund flags debt restructuring hurdles, says banning crypto should be an option

Firstpost  

Bengaluru: Group of 20 nations have some disagreements over restructuring debt for distressed economies, the chief of the International Monetary Fund said on Saturday, adding that banning private cryptocurrencies should be an option. “On debt restructuring, while there are still some disagreements, we now have the global sovereign debt roundtable with consideration of all public and private creditors,” IMF Managing …

IMF flags debt disagreements, says banning crypto should not be off table
1 year, 10 months ago

IMF flags debt disagreements, says banning crypto should not be off table

Deccan Chronicle  

BENGALURU: There are some disagreements over restructuring debt for distressed economies, the chief of the International Monetary Fund said on Saturday on the sidelines of a G20 meeting, adding that banning private cryptocurrencies should be an option. India's G20 presidency comes at a time when its South Asian neighbours Sri Lanka, Bangladesh and Pakistan are seeking urgent IMF funds due …

Crypto Regulation: Nirmala Sitharaman Says India Discussing SoP Development For Assets With G-20 Nations
1 year, 10 months ago

Crypto Regulation: Nirmala Sitharaman Says India Discussing SoP Development For Assets With G-20 Nations

ABP News  

Finance Minister Nirmala Sitharaman on Monday said India is discussing with the G-20 member countries the need to develop a standard operating protocol for regulating crypto assets. She said crypto assets and web3 are relatively new and evolving sectors, and require significant international collaboration for any specific legislation on these sectors to be fully effective. In reply to a separate …

The way forward on crypto regulations
1 year, 10 months ago

The way forward on crypto regulations

Hindustan Times  

The finance ministers and the heads of central banks of G20 countries gathered this past weekend for a crucial meeting that could lay the foundations of future of crypto regulations. Finance minister Nirmala Sitharaman indicated ahead of the meeting that on the agenda will be the need for a standard operating procedure of sorts, for which all participants will need …

G20 exploring cryptocurrency regulation, says India's Finance Minister Sitharaman
1 year, 10 months ago

G20 exploring cryptocurrency regulation, says India's Finance Minister Sitharaman

Firstpost  

Prime Minister Narendra Modi’s government has for several years debated drafting a law to regulate or even ban cryptocurrencies but has not made a final decision The Group of 20 big economies is exploring whether the group could collectively regulate cryptocurrencies, Finance Minister Nirmala Sitharaman said on Saturday. Given the sophisticated technologies involved with these virtual assets, countries must discuss …

India likely working on roadmap to regulate cryptocurrencies at G-20
1 year, 11 months ago

India likely working on roadmap to regulate cryptocurrencies at G-20

Live Mint  

India is likely to introduce a roadmap for regulating virtual assets such as cryptocurrencies. On Thursday, Economic Affairs Secretary Ajay Seth in an interview said that the government is working with Financial Stability Board to at least build a policy for crypto assets along with a regulatory framework. He added, "we are also working with the FSB and the idea …

Economic Survey 2023: Common Approach A 'Necessity' To Regulate Crypto
1 year, 11 months ago

Economic Survey 2023: Common Approach A 'Necessity' To Regulate Crypto

ABP News  

Finance Minister Nirmala Sitharaman tabled the Economic Survey 2022-23 in Parliament today, kicking off the Union Budget session. Making a reference to the recent FTX collapse and the ensuing sell-offs that saw the vanishing of nearly $2 trillion from the global crypto market, the Survey noted that crypto assets don’t “strictly pass the test of being a financial asset” as …

Budget 2023: FM Nirmala Sitharaman must classify cryptocurrencies as asset class rather than speculative instruments
1 year, 11 months ago

Budget 2023: FM Nirmala Sitharaman must classify cryptocurrencies as asset class rather than speculative instruments

Firstpost  

Cryptocurrencies have been gaining momentum worldwide for the past two years, making big headlines. Tax on VDAs The Union Budget of India in 2022 has introduced a system of taxation on virtual digital assets with a 30 percent tax on gains and 1 percent on Tax Deducted at Source. Need for a progressive approach to taxation The crypto industry is …

Budget 2023: What Awaits The Crypto Sector? Everything You Need To Know
2 years ago

Budget 2023: What Awaits The Crypto Sector? Everything You Need To Know

ABP News  

The 2023 Union Budget is nearly here and the biggest question that’s haunting the mind of crypto enthusiasts is simple — how will the Finance Ministry treat the virtual digital assets sector this time around? While 2022 saw several important milestones for the crypto sector, from the taxation of gains to the introduction of a central bank digital currency, the …

Yellen moots global cooperation on cryptocurrency regulation
2 years, 1 month ago

Yellen moots global cooperation on cryptocurrency regulation

The Hindu  

United States’ Treasury Secretary Janet Yellen and Finance Minister Nirmala Sitharaman discussed issues relating to cryptocurrency regulation during her maiden official visit to India on Friday, with Ms. Yellen mooting international cooperation to set high regulatory standards for crypto assets and reduce the cost of cross-border payments. Ms. Yellen said India was a key part of the United.States.’ ‘friendshoring’ approach …

Countries to face ‘grey list’ in anti-terror crackdown on crypto
2 years, 2 months ago

Countries to face ‘grey list’ in anti-terror crackdown on crypto

Al Jazeera  

The Financial Action Task Force is planning to ramp up oversight of crypto providers, sources say. The Financial Action Task Force is preparing to conduct annual checks to ensure countries are enforcing anti-money laundering and terrorist financing rules on crypto providers operating in their jurisdiction, two sources with knowledge of the matter told Al Jazeera. The use of yearly reviews …

How India's G20 Presidency will influence crypto regulation, blockchain & the future of web3
2 years, 2 months ago

How India's G20 Presidency will influence crypto regulation, blockchain & the future of web3

India Today  

As India is all set to assume the presidency for the G20 Leaders' Summit for one year, from 1 December 2022 to 30 November 2023, it plans to discuss crypto regulations during its tenure with member nations, which comprise countries like France, Germany, Russia, UK, USA, China, Russia, and Canada, among others. Further, the minister shared that India would like …

Crypto platforms must be licensed in 2023, South African financial regulator says
2 years, 2 months ago

Crypto platforms must be licensed in 2023, South African financial regulator says

The Hindu  

Cryptocurrency financial companies in South Africa will need to apply for a licence between June 1 and November 20, 2023, in order to operate legally, the country's financial conduct regulator said on Thursday. The FCSA deliberately referred to crypto assets rather than cryptocurrencies, as regulators do not believe they qualify as currencies, the regulator's head Unathi Kamlana said. The declaration …

G20 presidency | India aims at developing tech driven regulatory framework for cryptocurrency, says Sitharaman
2 years, 2 months ago

G20 presidency | India aims at developing tech driven regulatory framework for cryptocurrency, says Sitharaman

The Hindu  

India is aiming at developing standard operating procedures for cryptocurrency during its G20 presidency next year, Union Finance Minister Nirmala Sitharaman has said, underlining that all countries want the technology to survive but not be misutilised. “That will also be part of India's thing,” Ms. Sitharaman told a group of Indian reporters on Saturday before concluding her trip to Washington …

Crypto Exchanges Now Required To Notify UK Authorities Of Suspected Sanction Breaches
2 years, 4 months ago

Crypto Exchanges Now Required To Notify UK Authorities Of Suspected Sanction Breaches

ABP News  

San Francisco: Crypto exchanges are now required to notify the UK authorities of any suspected sanctions violations under new regulations introduced in response to concerns that bitcoin and other crypto assets are being used to dodge restrictions imposed in reaction to Russia's invasion of Ukraine. ALSO ON ABP LIVE: India Emerging As 'Major NFT Destination': Study Crypto assets could include …

Understanding cryptocurrencies
2 years, 5 months ago

Understanding cryptocurrencies

Hindustan Times  

There is a need for a broader international collaboration before cryptocurrency regulations can be drawn up in India, finance minister Nirmala Sitharaman told Parliament this week. In May, an entire currency — known as the Terra/Luna stablecoin pair — and a crypto-based lending platform known as Celsius crashed, wiping out tens of millions of dollars of wealth. Searching with just …

RBI wants govt to prohibit cryptocurrencies: FM Sitharaman
2 years, 5 months ago

RBI wants govt to prohibit cryptocurrencies: FM Sitharaman

India TV News  

Highlights Nirmala Sitharaman said RBI has expressed concerns over cryptocurrencies "They should be prohibited as they can have destabilising effects on monetary and fiscal stability" The RBI mentioned that cryptocurrencies are not a currency Finance Minister Nirmala Sitharaman on Monday said the RBI has expressed concerns over cryptocurrencies saying that they should be prohibited as they can have destabilising effects …

International finance body plans to set down regulations for stablecoins
2 years, 5 months ago

International finance body plans to set down regulations for stablecoins

The Hindu  

In light of the crypto sector’s ongoing crisis, the Financial Stability Board or FSB, an organisation that advises on matters relating to international finance, has promised to soon report on the regulation of activities involving cryptocurrency. Citing the “recent turmoil” in the crypto market, the FSB’s statement underlined the need for common domestic and international standards in order to regulate …

Explained | What are SEBI’s concerns around crypto assets?
2 years, 6 months ago

Explained | What are SEBI’s concerns around crypto assets?

The Hindu  

The story so far: The Securities and Exchange Board of India, the watchdog which regulates the securities and commodities market, has reportedly told the Parliamentary Standing Committee on Finance led by Jayant Sinha that regulation of crypto assets would be difficult given the nature of technology that sustains them. SEBI has essentially flagged the problems with regulating crypto assets because …

Cryptocurrencies Akin to 'a World of Carribean Pirates' in Absence of Regulation: CEA
2 years, 7 months ago

Cryptocurrencies Akin to 'a World of Carribean Pirates' in Absence of Regulation: CEA

News 18  

Chief Economic Adviser V Anantha Nageswaran on Thursday said cryptocurrencies are akin to ‘a world of Carribean pirates’ in the absence of a centralised regulatory authority and is yet to pass the test of a fiat currency. He said that the government is pursuing a ‘high-wire balancing act’ to ensure that the gains in growth, inflation, rupee stability of the …

Money laundering, terror financing biggest concerns around cryptocurrency, says Nirmala Sitharaman
2 years, 8 months ago

Money laundering, terror financing biggest concerns around cryptocurrency, says Nirmala Sitharaman

India Today  

Casting further doubts on the already-uncertain cryptocurrency market in India, Union Finance Minister Nirmala Sitharaman on Monday, April 18, said the biggest risk around cryptocurrency is its possibility to be used for money laundering and terror financing. Sitharaman said: “The biggest risk for all countries across the board will be the aspect of money laundering and that of such currency …

Cryptocurrency Bill to Come Soon: Govt Working on FAQs on Crypto Tax; Know Details
2 years, 9 months ago

Cryptocurrency Bill to Come Soon: Govt Working on FAQs on Crypto Tax; Know Details

News 18  

As the government prepares to roll out the Finance Bill that regulates all virtual digital assets, including cryptocurrencies, it is working on developing an FAQ on the taxation of the same. These FAQ sheet will aim to give users a clarification in a nuanced way on the applicability of income tax and GST on virtual digital assets, a report has …

Crypto tax rules: Should you sell your crypto assets before Mar 31?
2 years, 9 months ago

Crypto tax rules: Should you sell your crypto assets before Mar 31?

Live Mint  

The Indian government has tightened bolts for trading in cryptocurrencies. On Friday, Lok Sabha approved taxation rules on virtual digital assets or "crypto tax" that was proposed in Budget 2022-23 by clearing the Finance Bill 2022. Under the bill, section 115BBH deals with taxes on virtual digital assets, while clause prohibits setting off a loss from crypto assets against income …

Cryptocurrency tax, bill in India: What we know so far
2 years, 9 months ago

Cryptocurrency tax, bill in India: What we know so far

India Today  

The cryptocurrency tax and proposed regulation bill have been a topic of discussion among investors and stakeholders in India for sometime. The government on Thursday proposed to tighten the norms for taxation of cryptocurrencies by disallowing the set off of any losses with gains from other virtual digital assets, according to a PTI report. FINANCE BILL, 2022 As per the …

Crypto Tax in India: Date, income tax, ITR form, TDS, deduction | Key points
2 years, 9 months ago

Crypto Tax in India: Date, income tax, ITR form, TDS, deduction | Key points

India Today  

As the ongoing financial year 2021-22 draws to a close, there has been a lot of chatter pertaining to crypto-tax in India. The central government in Union Budget 2022 proposed the introduction of a specific tax regime for virtual digital assets. INCOME TAX ON DIGITAL ASSETS FM Sitharama proposed that "any income from the transfer of any virtual digital asset …

Cryptocurrency: RBI and govt on the same page, says FM Sitharaman
2 years, 10 months ago

Cryptocurrency: RBI and govt on the same page, says FM Sitharaman

Live Mint  

Cryptocurrency: Finance Minister Nirmala Sitharaman on Monday said there is complete harmony between the central government and the RBI and that they are on the same page on cryptocurrency. The finance minister said that the Centre and the RBI are working in complete harmony on nut just on cryptocurrency but on every other thing as well. “With RBI and Ministry, …

Banning cryptocurrency perhaps most advisable choice open to India: RBI Deputy Governor
2 years, 10 months ago

Banning cryptocurrency perhaps most advisable choice open to India: RBI Deputy Governor

India TV News  

Highlights Banning cryptocurrency is perhaps the most advisable choice open to India, says RBI Deputy Governor Crypto-technology is underpinned by a philosophy to evade government controls, he said Cryptocurrencies developed to bypass regulated financial system, RBI Deputy Guv said Banning cryptocurrency is perhaps the most advisable choice open to India, said RBI Deputy Governor T Rabi Sankar adding they have …

Budget 2022: Implications of crypto tax regime on common investor
2 years, 10 months ago

Budget 2022: Implications of crypto tax regime on common investor

Firstpost  

After months of speculation and waiting, the crypto ecosystem finally has a nod from the Government of India albeit in terms of a tax regime. With crypto being accorded the highest tax slab for any asset class at 30 percent and the implementation of a 1 percent TDS on bigger trades, investors may feel the pinch if they react to …

Government has sovereign right to tax profit made from cryptocurrency transactions, says finance minister
2 years, 11 months ago

Government has sovereign right to tax profit made from cryptocurrency transactions, says finance minister

Firstpost  

Nirmala Sitharaman said ‘banning or not banning cryptocurrency would come subsequently’ while answering questions posed about the Union Budget in Rajya Sabha New Delhi: Finance Minister Nirmala Sitharaman on Friday said the government has sovereign right to tax profit made from cryptocurrency transactions, and the decision on banning or not banning will be taken based on feedback from consultations. About …

Cryptocurrencies to be banned in India? FM Nirmala Sitharaman replies
2 years, 11 months ago

Cryptocurrencies to be banned in India? FM Nirmala Sitharaman replies

India Today  

Finance Minister Nirmala Sitharaman on Friday said that a decision on "banning or not banning" cryptocurrencies will be taken after consultations. She also said that the government's move to levy a 30 per cent tax on gains from cryptocurrencies has nothing to do with the legality of private digital currencies in the market. "Banning or not banning cryptocurrencies will come …

What Nirmala Sitharaman said on taxing and banning cryptocurrency
2 years, 11 months ago

What Nirmala Sitharaman said on taxing and banning cryptocurrency

India TV News  

Finance Minister Nirmala Sitharaman on Friday said the government has sovereign right to tax profit made from cryptocurrency transactions, and the decision on banning or not banning will be taken based on feedback from consultations. In her Budget speech on February 1, Sitharaman had said that only RBI-issued 'Digital Rupee' will be recognised as currency, and the government will levy …

Cryptocurrencies are threat to macroeconomic and financial stability, warns RBI governor
2 years, 11 months ago

Cryptocurrencies are threat to macroeconomic and financial stability, warns RBI governor

India TV News  

Highlights RBI Guv Shaktikanta Das said cryptocurrencies are threat to macroeconomic, financial stability. RBI Governor Shaktikanta Das on Thursday made it clear that private cryptocurrencies are a threat to macroeconomic and financial stability, and undermine its ability to deal with challenges on the two fronts. Private cryptocurrencies or whatever name you call it are a threat to our macroeconomic stability …

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