An official of the Ministry of Finance of India: The crypto regulatory framework is expected to be introduced in February next year and will not wholly ban cryptocurrencieses

An official of the Ministry of Finance of India: The crypto regulatory framework is expected to be introduced in February next year and will not wholly ban cryptocurrencieses

2021/10/28

According to reliable sources, the legal framework for regulating and governing the Indian cryptocurrency investment market may come out in February next year. Officials of the Indian Ministry of Finance said that a law on cryptocurrencies is likely to be introduced before the next fiscal budget is issued. The proposed framework may deviate from the earlier proposal to completely ban cryptocurrencies. On the contrary, the Indian government may choose to regulate cryptocurrency as an “asset” category, similar to a commodity in a way, and impose appropriate taxation on transactions and proceeds. However, another official added that officials from the Indian Ministry of Finance and the Reserve Bank of India (RBI) are still fine-tuning the conceptual framework and necessary regulations.

NOTICE
This is an original piece. Reproduction in whole or part without written permission is prohibited.
0
About products purchase, please contact our sales manager:
[email protected]

About miner repair and after-sale issues, please contact the repair manager email:
[email protected]

For business cooperation, please contact:
[email protected]

COMPLAINTS & SUGGESTIONS
If you have any dissatisfaction during the transaction or have valuable suggestions for us, please contact us via this email address:
[email protected]
Here is a list of scammers who scamming our customers, if you are chatting with them, please stop chat and let us know immediately:
Telegram:
@Zeusminingcrypto
@ZEUSMININGCRYPTOOFFICIAL
@bearacong

The scammers will change the accounts when they know they are exposed. So please be sure we only have these legal contact accounts which this page: https://www.zeusbtc.com/Contact-us.asp

CLOSE