In this episode of Ek Naya Paisa2.0, Zeishah discusses the journey of crypto regulation in India. In 2013, RBI issued a circular, warning people that crypto can cause financial loss. After that the exercise to regulate crypto started, in the beginning it was continuously said that crypto would be banned in India. Banks were also asked to stop crypto transactions, but in the Budget 2022 speech, the Finance Minister announced a heavy tax of 30% on crypto assets and also said that RBI is going to bring government digital currency, which will work on Blockchain technology, But the government refused to consider crypto as a legal asset or a currency. But experts believe that the government has recognized it by taxing the earnings from crypto. In the coming times, what can be the rules and laws regarding the regulation of cryptocurrency, an idea can be guessed from its legal journey in India. What will be the government’s stand going forward? In this video an attempt has been made to find answers to these questions.
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