Taxing income doesn’t give cryptos legitimacy: Nirmala

Banning or not banning will come subsequently, when consultations give me input.” About the profit emanating from transactions in cryptocurrencies, she stated that “(Whether it is) legitimate or illegitimate, it is a different question, but I will tax because it is a sovereign right to tax”. The minister was responding to the questions raised by Congress member Chhaya Verma on cryptocurrency. Verma had asked about the legitimacy of taxing cryptocurrency.