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Indians see future in crypto, government sees revenue, FM says

Indian finance minister Nirmala Sitharaman said on Tuesday the government will discuss its position on cryptocurrencies after completing an ongoing consultation process.

See related article: India government, central bank in ‘complete harmony’ on crypto: FM

Fast facts
Sitharaman said many Indians see a future in cryptocurrencies and the government sees opportunities for revenue in the asset class.
The finance minister announced a 30% tax on all crypto income in February, raising hopes of crypto legalization in the nation.

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