India’s finance minister has revealed the current status of crypto policy in India, including whether crypto will be legalized or banned in the country. The question surrounding the legitimacy of cryptocurrency was raised in parliament after the government announced that income from crypto transactions will be taxed at 30%.India’s finance minister, Nirmala Sitharaman, clarified on Friday that the government has not made a decision on whether to legalize or ban cryptocurrency.
Replying to questions raised during an ongoing Budget discussion in Rajya Sabha, the upper house of India’s parliament, by Congress member Chhaya Verma on the legitimacy of cryptocurrency via taxation, the finance minister was quoted as saying: She further emphasized that whether cryptocurrency is “legitimate or illegitimate, it is a different question, but I will tax because it is a sovereign right to tax,” PTI reported.
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Do you know the name of finance minister of india 😁😂
What is the meaning of this ambiguous attitude?
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She herself is so confused and not able to understand what crypto and blockchain is… Govt is like stay away from taking any decisions unless we understand it first. By the time they understand govt will change😂😂😂😂 crypto IndiaWantsCrypto CryptoNews
Tax mang rahe ho ya bhik
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How many financial ministers dose India has. ? Yesterday was a man. Today is a woman. Who is next. A Suami Gurú ?
If u loss ur responsibilty....if ur making profit pay 30%...so cleaver....
Perhaps they want to see how other countries will adapt the cryptocurrency
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Then cancel the taxes 😂😂😂 Why would someone pay tax to government when it is not involved in any way 😂😂
They are more risky than Crypto currency
What's the meaning of this?
We Indians are always confused 🤷
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I dont really think that India's gov is in position for judge Bitcoin. And noone really cares about what they think or not think of btc
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So funny how centralized finance systems around the world are reacting on crypto and can't stop it too 😂
Most Confused govt. atleast take a step 🪜.
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India is sure missing out on bitcoin.
No ban or legalize Bitcoin but the govt want tax what a joke waaaoo.! R they think we are idiots indianWantsCrypto
is not going to ban or legalize...
Tax returns regulated