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

Gold Shines Bright Amid Global Jitters

Gold and silver continued their bullish run on Monday, scaling new highs amid mounting global uncertainties, heightened geopolitical tensions, and growing expectations of a US Federal Reserve rate cut. According to the

ADNOC signs 15-year LNG deal with Indian Oil

Under the deal, LNG cargoes can be delivered to any port across India, enhancing the country’s energy security and meeting its rising energy demand. Abu Dhabi National Oil Company (ADNOC) has signed

Canada to lift counter-tariffs on US goods

Canadian Prime Minister Mark Carney has announced that Ottawa will remove its counter-tariffs on US goods covered under the Canada-US-Mexico Agreement (CUSMA), beginning 1 September. The move marks a partial easing of

PM Modi: India poised to lead next tech wave

PM Modi underscored that the country is poised to lead the next wave of digital transformation in 5G…reports Asian Lite News Prime Minister Narendra Modi on Wednesday hailed India’s progress in expanding
Go toTop

Don't Miss

Survey shows demand for regulatory focus on cryptocurrency

Besides, more than 75 per cent of the respondents feel

Most G20 members back RBI’s views on crypto

Cryptocurrencies have financial and macroeconomic risks that will be appropriately