Nirmala Sitharaman on Cryptocurrency: Finance Minister Nirmala Sitharaman has said a big thing about cryptocurrency in one of her statements. Nirmala Sitharaman said on Saturday that technology has more role in cryptocurrency, so we are talking to all the countries. He said that no one country alone can introduce rules regarding this.
Finance Minister Nirmala Sitharaman said that discussions are on with other countries that if rules have to be brought regarding crypto, can any standard operating procedure be followed. He said that discussions are going on with G20 countries. Nirmala Sitharaman said this in the press conference after the Central Board meeting of the Reserve Bank of India after the budget.
How much is tax on cryptocurrency
In last year’s budget speech, Finance Minister Nirmala Sitharaman imposed a 30 percent fixed tax rate on cryptocurrencies. This tax is applicable on all types of crypto income and non-fungible tokens. Let us tell you that the government and RBI have been alerted many times regarding crypto currency.
What did the Finance Minister say on Adani Group
In the press conference after the RBI meeting, the Finance Minister said about Adani that the regulators of the country are very strong and they will look into these matters. After the Hindenburg report on Adani Group, there has been a lot of ups and downs in the shares. There has been a loss of more than $ 100 billion in the market cap of Adani Group.
Shaktikanta Das had talked about banning
In December last year, RBI Governor Shaktikanta Das had said that there is no intrinsic value about cryptocurrency, due to which investing in it can be risky. He said that if crypto is not banned then it can create a financial crisis. In this case it should be banned.
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