New Delhi: Coming from the Reserve Bank of India In cryptocurrencies This is important news for those looking to invest. The Modi government announced this in the Rajya Sabha today. RBI of any kind Cryptocurrency The government said it had no plans to bring it.
Minister of State for Finance Pankaj Chaudhary in a written reply to a question on cryptocurrency. India has no control over cryptocurrency. Therefore, the RBI cannot come up with any such plan, Chaudhary said. He said the RBI would not introduce any digital currency regulated by the RBI.
The RBI’s digital rupee is likely to arrive soon. The announcement was made by Finance Minister Nirmala Sitharaman during the budget presentation on February 1. Sitharaman said the RBI will launch digital currency in the 2023 financial year.
India has not legalized cryptocurrency. However, income from crypto is subject to 30% tax. Profits from the sale of cryptocurrencies will be charged at 30%. Profit will not sell the currency but will have to pay 1% TDS. Sitharaman also said that it is possible to know where transactions are taking place through crypto.
Web Title: The government has informed Parliament that it has no plans to introduce cryptocurrencies in India
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