News From Press Taxing crypto doesn’t ensure legal status: FM Sitharaman

Taxing crypto doesn’t ensure legal status: FM Sitharaman

Source: FE Feb 12, 2022

The government has the “sovereign right” to tax profits made from virtual digital asset transactions, finance minister Nirmala Sitharaman said on Friday, stressing that the Budget announcement has neither legalised cryptocurrencies, nor prohibited them.

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