India ready with consultation paper on cryptocurrencies – govt official

NEW DELHI (Reuters) – Inflation in India ought to reasonable in coming months and the federal government is prepared with its session paper on cryptocurrencies, financial affairs secretary Ajay Seth advised reporters on the sidelines of an occasion on Monday.

Seth stated there wanted to be a world consensus reached on cryptocurrencies and India would have a look at rules enforced in different nations earlier than deciding how it will regulate.

Within the annual funds this 12 months the federal government stated it will tax good points made by way of cryptocurrency investments at 30% however the nation has nonetheless not given the measure authorized standing.

(Reporting by Aftab Ahmed; Enhancing by Bradley Perrett)