India’s finance minister, Nirmala Sitharaman, has reportedly revealed that the government is “constantly monitoring” and “watching the crypto sector.” Referring to her budget speech, she noted that crypto taxation will be implemented before the central bank, the Reserve Bank of India (RBI), issues its digital currency.
Finance Minister on Monday said the Reserve Bank of India (RBI) is working on launching India's own digital currency. "The form and shape of India's digital currency will largely depend upon the Reserve Bank of India (RBI). The Ministry of Finance had consultations with RBI and the country's central bank is working on it," FM Sitharaman said.
