New Delhi, Sept. 17 -- The Union finance ministry ruled out setting up any regulatory regime for cryptocurrency, arguing that this could lend legitimacy to the sector and create a false sense of security for investors. The finance ministry told the standing committee on finance that it wants to instead push the Reserve Bank of India's Central Bank Digital Currency (CBDC) or the e-Rupee, with an eye on making this the medium for the delivery of welfare benefits. The government doesn't recognise cryptocurrency in the country and levies a 30% tax on its profits. The Economic Affairs Division of the Finance Ministry told the committee led by BJP MP Bhartruhari Mahtab that since crypto assets enable anonymous transactions outside traditional sta...