Categories: Politics

The Minister of Union Jayant Chaudhary and his wife disclose more than 43 Lakh ₹ cryptographic assets

The Minister of Union Jayant Chaudhary and his wife declared their assets in cryptocurrencies in their official heritage statements for the second consecutive year.

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.

Read more: live updates from the election of the vice-president 2025: CP Radhakrishnan against BS Reddy

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.

Read more: The “Doda Chalo” rally marks the demonstrations against the arrest of the deputy for the AAP Mehraj Malik under the Public Security Act of J & K

“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.

Source link

Emily Carter

Emily Carter – Senior Political Editor Covers U.S. politics for over 10 years, specializing in elections and foreign policy.

Recent Posts

The leaders of Montgomery have new avenues in the investigation into a mass shooting

Montgomery, Alabama (WHNT)-The leaders of Montgomery said on Tuesday that they had new tracks in the investigation into a shooting…

27 seconds ago

Ajit Pawar breaks silence after backlash over viral video threatening woman IPS officer

Maharashtra Deputy Chief Minister Ajit Pawar on Friday, September 5, broke his silence over a viral video in which he…

1 minute ago

“Gemini 2.5 Use of the computer” has solid web performance, Android

Google now allows developers to preview the model for using the Gemini 2.5 computer behind Project Mariner and agent features…

3 minutes ago

Next-generation ULA Vulcan rocket launched on second test flight

United Launch Alliance fired a next-generation Vulcan rocket Friday in the second of two "Certification" test flights needed before the…

5 minutes ago

S&P 500 Snaps Run Winning seven days dragged by Oracle, Tesla and the anxiety of closing

The reference indices to Wall Street ended the lower session on Tuesday, October 7, led by the sale of pressure…

6 minutes ago

Dolly Parton’s sister asks for prayers amid singer’s health woes

Freida Parton is asking Dolly Parton fans to help pray for her sister after she postponed her upcoming Las Vegas…

8 minutes ago