scorecardresearchFinance Ministry working on consultation paper to devise regulatory framework on cryptocurrencies: Report

Finance Ministry working on consultation paper to devise regulatory framework on cryptocurrencies: Report

Updated: 14 Mar 2022, 09:26 AM IST
TL;DR.
The finance ministry is in consultations with the IMF, World Bank, and the Financial Stability Board (FSB) for the same
Although the government has already announced to tax income from the transfer of cryptoassets, Finance Minister Nirmala Sitharaman was prompt to clarify that this does not make cryptoassets legal in India. Photo: HT

Although the government has already announced to tax income from the transfer of cryptoassets, Finance Minister Nirmala Sitharaman was prompt to clarify that this does not make cryptoassets legal in India. Photo: HT