What is the future of cryptocurrency in India? Know from Nirmala Sitharaman

Posted on 11th Feb 2022 04:07 pm by rohit kumar

What is the future of cryptocurrencies in India is being discussed? Central Reserve Bank Governor Shaktikanta Das has once again warned investors about crypto. At the same time, Finance Minister Nirmala Sitharaman has also given a big statement on this currency in Parliament.

 

On Legality of Cryptocurrencies: Nirmala Sitharaman said in Parliament during the current budget session that the government has the right to tax benefits arising from cryptocurrency transactions. He also clarified the legality of cryptocurrencies in India, saying that taxing virtual assets does not mean that the government is legalizing them. Nirmala Sitharaman said that the decision on the ban is not being taken yet. The decision will be taken after getting suggestions on this.

 

What did she say on the budget: Finance Minister Nirmala Sitharaman said that technology has been given priority in this budget, an example of this is to bring drones to improve and modernize agriculture. Startups are being encouraged, we have seen that the strength with which startups are coming into the country has not happened anywhere in the world.

 

Nirmala Sitharaman further said that if we do not have any vision on the completion of 100 years of India's independence, then we will have to suffer in the same way as we had to suffer in 70 years in which to create a family, support it and benefit it. Apart from this, there was no other vision in the country.

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