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India to Form View on Crypto After Wider Discussions: Sitharaman

March 8, 2022, 6:36 AM

India’s government will take a call on whether to regulate or ban crypto assets after ongoing consultations are completed, Finance Minister Nirmala Sitharaman said Tuesday.

  • “After the consultation process gets duly completed, the ministry will mull over it, which is required because we need the executive to be sure that we are not crossing any legal requirements,” she said at India Global Forum
  • “Many Indians have seen a future in it, therefore I see a possibility for revenue in it,” the minister said referring to a tax on earnings from crypto announced in the budget
  • India had lot of consultations ...