Tag: nirmala sitharaman

Apr 28 2022

India Will Have A Measured Approach to Crypto Regulations Says Finance Minister

Amid all the pessimism surrounding crypto regulations in India, Finance Nirmala Sitharaman has finally cleared some air. During her recent interaction at Stanford University, Sitharaman said that India will have a measured approach to the regulation of digital assets. She assured that the government won't rush through with its decision of regulating crypto. Sitharaman added:...

Apr 19 2022

Just-In: Indian FinMin Bashes Crypto Over Money Laundering, Terrorism Risks

Apr 19 2022 Published at Coingape under tags  imf news nirmala sitharaman regulation news

Indian Finance Minister Nirmala Sitharaman reiterated her strict approach to crypto at an International Monetary Fund (IMF) meet in Washington D.C. on Monday. The finance minister bashed crypto for its money laundering risks and potential use in financing terrorist groups, and called for a globally coordinated approach to crypto regulation. Sitharaman also touted the benefits...

Mar 08 2022

Expect Indian Digital Currency (CBDC) This Year- Indian FM

Mar 08 2022 Published at Coingape under tags  30% crypto tax cbdc cryptocurrency india news

Two major highlights from the FM Sitharaman’s Budget speech were (1) RBI soon to launch CBDC, (2) 30% implied tax on cryptocurrency earning. Speaking at the India Global Forum's annual summit, the Finance Minister cleared the air from these two topics. Ever since the Union Finance Minister Nirmala Sitharaman implied a 30% tax on the...

India’s Finance Minister Praises CBDC, RBI to Accelerate the Development

Mar 08 2022 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

India seems to be getting closer to realizing its plans of having a central bank digital currency aka the "Digital Rupee". Coming in its support on Tuesday, March 8, India's Union Finance Minister Nirmala Sitharaman said that there are clear advantages of having a CBDC. Thus, the Finance Ministry is doing some consultations with the...

Feb 11 2022

India’s Finance Minister Explains Why Cryptocurrencies Must Be Taxed

Feb 11 2022 Published at Coingape under tags  30% crypto tax india news nirmala sitharaman

The government of India remains set on taxing cryptocurrencies. Finance minister, Nirmala Sitharaman, has said that crypto taxes will come into effect as planned. This is despite India not having decided on if crypto will be banned or not, although the country made it clear that cryptocurrencies will never be made a legal tender. Taxing crypto is legitimate, says...

Breaking: Indian FM Sitharaman Says ‘Taxing Cryptos Doesn’t Mean It Has Been Legalized’

Feb 11 2022 Published at Coingape under tags  nirmala sitharaman uncategorized

Is the proposed 30% tax on Cryptocurrencies a tacit acceptance of cryptocurrencies by the Government Of...

Feb 02 2022

Video: ‘All Except RBI Currency Are Assets’ Indian Finance Minister Clarifies On 30% Tax

The Indian Finance Minister Nirmala Sitharaman was unequivocal when she declared that "I don't wait until regulations come in place to tax people making profits." However, on NDTV's question on the new tax, the FM clarified that the tax is only on earnings made from digital assets and "not taxing currency that is yet to be The post Video: 'All Except RBI Currency...

Feb 01 2022

Breaking: India Announces 30% Tax on Crypto Profits, the Highest Tax Band In the Country

Feb 01 2022 Published at Coingape under tags  30% crypto tax btcbrl btcbusd btcdai btceur

Profits derived from trading Crypto Assets will attract 30% taxes, Indian Finance Minister Nirmala Sitharaman made an announcement while addressing the budget session earlier today, February 1. This clears the air on crypto...

India’s Finance Minister Says CBDC Digital Rupee Could Be Coming By FY 2022-2023

Feb 01 2022 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

Speaking earlier today at India's budget session, Indian Finance Minister Nirmala Sitharaman said that India will introduce its central bank digital currency (CBDC) aka Digital Rupee in the next financial year of FY 2022-23....

Dec 23 2021

Indian parliament winter session ends without a crypto bill

Dec 23 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

India's crypto community is left with unclarity on crypto regulations given the parliament's winter session just ended, however the crypto bill was not tabled yet again. With this, it will be the second time...

Dec 06 2021

‘Crypto Must Be Banned’ — BJP MP Nishikant Dubey

BJP MP Nishikant Dubey has shared his views about the much-debated cryptocurrency topic. According to reports by NDTV, Mr. Dubey spoke during Zero Hour in the Lok Sabha on Monday, claiming that crypto operates on the same technology as the ‘dark net’, and sooner or later, would be used for drug deals, illegal weapon sales, The post 'Crypto Must Be Banned' — BJP...

Dec 04 2021

Indian Crypto Bill in Anvil, Govt. to Weigh Pros & Cons of Crypto

The latest update in the controversial Indian Crypto Bill saw the Finance Minister, Nirmala Sitharaman consider the underlying technological boon that comes with the industry's banes. While speaking at the 'Agenda Aaj Tak' event in Delhi yesterday, Sitharaman noted that the crypto bill is in anvil and will soon be sent for approval by the The post Indian Crypto Bill in Anvil, Govt....

Dec 03 2021

Here’s What the Indian “Crypto Asset” Regulations May Look Like?

Dec 03 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

The Indian Finance Minister, Nirmala Sitharaman noted that to regulate a borderless body like crypto, global authorities need to come together and find common ground. During a discussion today at an event organised by Infinity Forum, about how India should regulate virtual currencies, Sitharaman highlighted that "technology has the power to sweep through borders", henceforth, The post Here’s What the Indian "Crypto Asset"...

Nov 30 2021

Breaking: Indian Finance Minister Confirms the New Crypto Bill to be Different from February’s Draft

Nov 30 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

The latest update in the Indian Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 saw the Finance Minister, Nirmala Sitharaman ascertain that, the crypto bill which is to be introduced in the Parliament this winter, will most definitely differ from the one drafted in February 2021. As of now, the government is waiting on The post Breaking: Indian Finance Minister Confirms the...

Nov 29 2021

Crypto India: Finance Minister Puts End to False Speculations, Here’s What She Confirmed

Nov 29 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

Amid the wave of fearmongering in India since the speculation of an absolute crypto ban took over the market, the Finance Minister's exclusive statement has come as a sigh of relief for the crypto community and confirmed otherwise. The Indian Finance Minister, Nirmala Sitharaman said in a reply to the Lok Sabha on Monday that The post Crypto India: Finance Minister Puts End...

Sep 21 2021

Mar 14 2021

India Won’t Be Completely Shutting Down All of Bitcoin (BTC) and Crypto Says Finance Minister

After a lot of speculation around the crypto ban in India, Finance Minister Nirmala Sitharaman has finally spoken out clearing the air! Speaking at the India Today Conclave, Sitharaman said that India "will not shut off all...

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