February 16, 2022
1 min read

RBI, govt discuss crypto investments

Shaktikanta Das had cushioned crypto investors just few days back saying “it is my duty to tell the investors who invest in cryptocurrencies to keep in mind that they are investing at their own risk…reports Asian Lite News

Crypto is back on the discussion table as Finance Minister Nirmala Sitharaman and Reserve Bank of India (RBI) Governor Shaktikanta Das deliberated over the issue. The Finance Minister had announced in her Budget speech that the RBI will launch a block chain based digital currency next year. The government also proposed to tax digital assets.

“With RBI & Ministry, not just on crypto but on every other thing as well, I think there’s complete harmony with which we’re working, respecting each other’s domain and also knowing what we’ve to do with each other’s priorities & in the interest of the nation. There’s no turfing here,” said Sitharaman after the meeting.

“Like several other issues, this particular issue is internally under discussion b/w RBI & the Govt. Whatever points we have, we discussed with the Govt. Beyond that I think I will not like to further elaborate,” said Das.

RBI Governor Shaktikanta Das had cushioned crypto investors just few days back saying “it is my duty to tell the investors who invest in cryptocurrencies to keep in mind that they are investing at their own risk and also need to keep in mind that the cryptocurrency has no underlying value, not even a tulip”.

“Yes, the issue that was discussed between the Finance Minister and the RBI governor along with other issues and there’s no difference of views on any of these, informed a Finance Ministry official requesting anonymity.

ALSO READ-India’s smartwatch market sees record growth

Previous Story

India’s pineapple exports at $3.26 mn

Next Story

Saudi Arabia backs US efforts to stop Iran getting nuclear weapons

Latest from Business

Sitharaman Presents India’s Union Budget 2025-26

Union Budget 2025-26: Growth, Inclusivity, and Middle-Class Empowerment at the Core Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26, outlining key priorities to accelerate economic growth, ensure inclusive development, support industries,

Sukoon’s GO SAVER enhances employee savings 

Sukoon introduces GO SAVER to provide secure end-of-service benefit and workplace savings   Sukoon Insurance has officially launched its GO SAVER Employee Money Purchase Scheme, an innovative solution designed to provide secure
Go toTop

Don't Miss

‘Centre may restore J&K statehood and hold polls by October’

Union minister Ramdas Athawale said he had a fruitful half-hour

Banking Giants Feel the Heat from RBI

RBI said this action is based on the deficiencies in