NEW DELHI: The subject of cryptocurrency has resurfaced, with Finance Minister Nirmala Sitharaman and Reserve Bank of India (RBI) Governor Shaktikanta Das discussing it. In her Budget speech, the Finance Minister stated that the RBI will launch a block chain-based digital currency next year. In addition, the administration considered taxing digital assets.

"I believe there is total harmony with which RBI and Ministry are working, not just on crypto but on everything else as well, respecting each other's domain and also knowing what we have to do with each other's priorities & in the national interest." After the meeting, Sitharaman stated, "There is no turfing here."

"Like a number of other concerns, this one is being discussed internally between the RBI and the government. We expressed all of our concerns with the government. "I don't think I'd like to elaborate any further," Das added.

Just a few days ago, RBI Governor Shaktikanta Das reassured crypto investors, saying, "It is my obligation to remind the people who invest in cryptocurrencies that they are doing so at their own risk and that the coin has no underlying value, not even a tulip."

"Yes, the topic was discussed between the Finance Minister and the RBI governor, along with other concerns, and there are no differences of opinion on any of them," a Finance Ministry official who requested anonymity said.

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