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India is in complete harmony on crypto as Indian government is consulting with central bank.

The government of India is in talks with the Reserve Bank of India (RBI) on cryptocurrency policies and methods. According to the finance minister of India, the government and the central bank are in “complete harmony” on crypto and other issues related to cryptocurrency and its usage in the way of buying and selling.
The Central bank and the government is Discussing the Crypto Policies Internally and letting no others break the discussion.
Finance Minister Of India Miss Nirmala Sitharaman revealed Monday the 14th of Feb that the government is in discussion with the authorities to crypto policies with the central bank, the Reserve Bank of India (RBI).
As the result of the conclusion of the RBI’s board meeting, the finance minister told reporters that the government and the central bank are in “complete harmony” regarding cryptocurrency and other issues. She described:
Whatever the government does, we consult and have discussions with the RBI.
“So if I were to tax 30% and then discuss Goods and Services Tax (GST) and everything else, I would be tying RBI’s hands if I hadn’t even talked to them,” she continued.
Nirmala Sitharaman proposed taxing on the cryptocurrency income in any case of buying and selling at 30% during her budget speech last week. She further clarifies that taxing cryptocurrency is the right of the government.
The finance minister gave details with other things as well, “So, with the RBI and the [finance] ministry, not just on crypto but on every other thing as well, I think over the last few years you would have noticed that there is complete harmony with which we are working,”


We(the government) respect each other’s domain in whatever they work and know what we have to do with each other’s priorities and interests of the nation. There’s no turfing here.

The central bank also has some words on this concern regarding cryptocurrency Last week, RBI Governor Mr. Shaktikanta Das said that cryptocurrency is a big threat to India’s economy and financial stability in all aspects. In December last year, the central bank recommended a complete ban on crypto as it has no use for the government, saying that a partial ban will not work and people still believe in it.
Das also urged crypto investors to keep in mind that they are investing at their own risk and it has some risk to lose their investment however by crypto or by doing it by some order from the government. He stressed, “cryptocurrency has no underlying, not even a tulip.”
The RBI governor confirmed to reporters Monday the 14th of Feb that crypto issues are in heavy discussions internally, stating:
Whatever points we have, we discuss with the government. Beyond that, I would not like to further elaborate.

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