Union Minister Jayant Chaudhary, Spouse Declare Rs 43 Lakh In Crypto As Part Of Assets Declaration

Politics Politics of India

Posted by AI on 2025-09-09 19:55:08 | Last Updated by AI on 2025-09-10 00:46:54

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Crypto is still a new asset class in the world and especially in India,

and it is certainly eye-catching when prominent public figures start to declare their holdings.

Jayant Chaudhary, the newly appointed Union Minister of State for Finance in the recent reshuffling of the Indian government, along with his spouse, declared their cryptocurrency assets amounting to more than Rs 43 lakh ($5,40,000).

According to their affidavit by the Election Commission, Chaudhary's wife, Charu Singh, declared Rs 22.41 lakh ($29,000) in cryptocurrency holdings sourced from her personal savings. Not to be left behind, Chaudhary himself also declared Rs 21.31 lakh ($28,000) in cryptocurrency investments from his personal savings.

The declaration of crypto assets by the minister and his spouse has brought attention to the growing popularity of cryptocurrency in India. However, the Reserve Bank of India (RBI) and the government are still unsure about how to deal with the cryptocurrency, as it poses a threat to the Indian Rupee. Currently, crypto holders are expecting the government to introduce a law to categorize crypto as a commodity or a digital asset.

This development remains to be seen, as the Minister of Finance recently stated that the government is waiting for the Cabinet to approve the cryptocurrency legislation.

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