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Centre Ready With Consultation Paper On Crypto: Economic Affairs Secretary
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Cryptocurrency investments are currently taxed at 30%.
Inflation in India should moderate in coming months and the government is ready with its consultation paper on cryptocurrencies, economic affairs secretary Ajay Seth told reporters on the sidelines of an event on Monday.
Seth said there needed to be a global consensus reached on cryptocurrencies and India would look at regulations enforced in other countries before deciding how it would regulate.
In the annual budget this year the government said it would tax gains made through cryptocurrency investments at 30% but the country has still not given the measure legal status.
Read more on ndtv.comAbout this in other media
Central Bank Will Wait For Government Paper On Cryptos: RBI Governor ndtv.com /1 year ago
RBI Will Wait For Government Paper On Cryptocurrencies: Governor Das ndtv.com /1 year ago
HNI investors open ODI window for crypto bets abroad economictimes.indiatimes.com /1 year ago
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