India not to take a hasty decision on crypto: Sitharaman

While addressing an event at Stanford Medicine, Nirmala Sitharaman, the finance minister of India said that India won’t hurriedly finalize a policy on cryptos and virtual digital assets. Rather, the country will make an informed decision after due deliberations across multilateral fora. At a fireside chat organized by the University, the finance minister said while…

Budget 2022: 30% tax on crypto assets; RBI to issue digital rupee

On Tuesday morning, Finance Minister Nirmala Sitharaman confirmed that RBI (Reserve Bank of India) will launch a digital rupee soon. The digital currency by RBI will be based on blockchain technology the tech behind Bitcoin and other famous cryptocurrencies. FM said that the digital rupee will be issued by 2022-23 without offering any clarity on…