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What exactly is cryptocurrency and how it works?

A day after the budget, Finance Secretary TV Somnathan said the govt doesn’t treat trading in crypto assets as illegal. Find out what is cryptocurrency and the challenges it is posing for the govt

Topics
cryptocurrency | digital currency | RBI



Team TMS  | 
New Delhi 

A day after the Budget 2022, Union Secretary TV Somnathan told a business news channel that the government doesn’t treat trading in crypto assets as illegal.

They will be treated in the same way as betting on horse racing or any other speculative transaction. In first such case, Pune Police on Wednesday arrested a constable and six of his accomplices for allegedly kidnapping a trader and demanding Bitcoin ransom worth $40 million. Find out more about cryptocurrency, how it works and what challenges it is posing before the government today.

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First Published: Fri, February 04 2022. 08:45 IST




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