News > Cryptocurrencies not legal right now, can't predict future of this segment, says Union minister

Cryptocurrencies not legal right now, can't predict future of this segment, says Union minister

LiveMint | 13/02/2022 12:58 PM | Click to read full article

Amid growing interest in the cryptocurrency industry, Union Minister Bhagwat Karad on Saturday said cryptocurrencies are not legal in the country and nothing could be said at present about what could happen in this segment in the future.

Given 30% tax imposed on income from digital asset transfers, the Union minister said, "there is information that some people have invested in cryptocurrencies.