RBI's digital currency to be legal tender but others …: Finance secy on crypto1 min read 02 Feb 2022, 05:08 PM IST
Finance Secy TV Somanathan says “people investing in private crypto should understand that it does not have the authorisation of the government”
Amid the government's changing stance on cryptos with the Budget 2022-23 announcement regarding a 30 per cent tax on them, Finance Secretary TV Somanathan today said India's digital currency will be backed by the Reserve Bank of India (RBI), which will be legal in the country. He also money will be of the RBI but the nature will be "digital".
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