India's finance minister, Nirmala Sitharaman said on Friday that the government has the sovereign right to tax profit made from cryptocurrency transactions. She added that the decision on banning or not banning will be taken depending on feedback from consultations.

'Sovereign right' to tax: This is what Nirmala Sitharaman said about India's cryptocurrency tax in parliament

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'Sovereign right' to tax: This is what Nirmala Sitharaman said about India's cryptocurrency tax in parliament