This is a rare case of members of the Council of Ministers of the Union declaring investments in virtual digital assets, reported The Indian Express (IE).
According to documents published on the Prime Minister’s Office website (PMO), Chaudhary, Minister of State (MOS) (independent charge) responsible for the development of skills and entrepreneurship, has disclosed investments of value ₹ 21.31 Lakh in cryptocurrency on March 31, 2025.
His wife, Charu Singh, said cryptographic assets of 22.41 ₹. Both have cited “personal savings” as a source of funds, but have not revealed the specific names of the digital currencies held.
In their previous file dating from June 2024, Chaudhary and Singh had declared cryptographic investments of ₹ 17.9 Lakh and ₹ 19 Lakh, respectively. These assets have since increased by 19 % and 18 %, according to ie.
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Answering questions from the EI, Chaudhary described these investments as continuous investments that have “postponed themselves”.
“At the time of investment, 2 to 3 % of my portfolio was highly speculative … This also corresponds to my wide range of portfolios, with significant investments in art too,” he said.
In addition to digital assets, Chaudhary, who is also national president of Rashtriya Lok Dal (RLD) and member of Rajya Sabha, said real estate assets evaluated at 33.23 Flows ₹ and securities ₹ 14.51 Broats.
Charu Singh declared real estate from ₹ 2.15 Broker and furniture properties of ₹ 9.54 crores, according to ie.
Crypto regulations in India
Unlike traditional assets such as land, actions or deposits, cryptocurrencies escape regulatory surveillance in India. The Reserve Bank of India (RBI) has issued repeated warnings to investors concerning the risks associated with virtual currencies.
During the Parliament’s monsoon session, the Pankaj Chaudhary finance ministry told Lok Sabha that the government did not keep data on cryptocurrency.
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“Cryptographic assets are not regulated in India and the government does not collect data on these assets,” he said in a written response on July 28, 2025.
He added that the income of these assets is taxable, that companies are required to disclose their exposure to cryptography and that transactions on virtual digital assets are part of the law on money laundering prevention (PMLA) since March 2023.
