crypto 2

The crypto market has seen a decline since last year. Although crypto laws are yet to be introduced in India, crypto is heavily taxed. But still a huge amount of money is being invested in crypto from India. Most of these investments are made by the youth of India. Basically, this investment is being made with the hope of short-term high profits.
But Union Finance Minister Nirmala Sitharaman is particularly worried about this huge investment from India in the parant market. He cautioned the youth that they could face huge losses in this investment. In fact most of the crypto investors from India are students. They are investing their pocket money in crypto
When Union Finance Minister Nirmala Sitharaman was asked about investing in crypto at a press conference recently, she said that "in India, crypto is on the agenda of the G20. This is because we think there should be international cooperation in technology-driven crypto asset creation and the buying and selling of assets in the crypto world." Will be. Because crypto can be operated from anywhere. Can be operated from anywhere in India or outside of India. Hence official intervention is specifically required."
Union Finance Minister Nirmala Sitharaman also told reporters "There is concern about the youth, we have both the regulator and the National Securities Depository Center who have done a lot of campaigning on this issue. This campaign is ongoing to warn people that crypto is a risky investment. The people of India especially the youth. Society should be aware of this. Discussions on the Crypto Law Bill are ongoing and we will let you know if there are any updates."
Union Finance Minister Nirmala Sitharaman spoke about crypto in this press conference held on the sidelines of G20. He promised to continue preaching about caution in investing in crypto. He said that common people and youth of India should be cautious about investing in crypto. He himself warned the youth in this regard against large investments in crypto in the future market