#ANINews “We are taxing it very heavily…” Piyush Goyal says India is not encouraging cryptocurrency

“We are taxing it very heavily…” Piyush Goyal says India is not encouraging cryptocurrency
Union Minister Piyush Goyal clarified India’s stance on digital and cryptocurrencies, stating that while India will introduce a digital currency backed by the Reserve Bank of India, cryptocurrencies without sovereign or asset backing are heavily taxed. The move aims to make transactions faster, traceable, and reduce paper usage, while discouraging unregulated crypto that may pose risks to users.

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