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

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

Uber Wins Bid to Dismiss £340m UK Lawsuits

London’s High Court has dismissed claims worth around £340 million brought by thousands of black cab drivers and two former private hire companies over Uber’s licensing in the British capital, reports London

Reliance welcomes competition as Musk says ready

Reliance added that the government’s regulatory process applied equally to domestic and international applicants, noting that Jio’s own satellite services were awaiting clearances…reports Asian Lite News Desk Reliance Industries has welcomed competition

IMF Warns Global Economy Faces Mounting Risks in 2026

The IMF’s policy-setting committee has warned that wars, trade tensions, energy disruptions and rising public debt threaten global economic stability….reports Asian Lite News Desk The International Monetary Fund (IMF) has warned that
Go toTop

Don't Miss

Beware of crypto scams

CloudSEK was approached by a victim who allegedly lost Rs

India’s Crypto Dilemma

While the Reserve Bank of India (RBI) wants a blanket