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Indian Government response to cryptocurrency!

Nirmala Sitharaman, the Finance Minister, has hinted that the Centre might not impose a blanket ban on digital currencies in the country.

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Indian Government response to cryptocurrency – Nirmala Sitharaman, the Finance Minister, has hinted that the Centre might not impose a blanket ban on digital currencies in the country; she says the government is willing to experiment with new technologies.

What can be a huge relief for the country’s cryptocurrency holders? As the Minister for Finance, after discussions with the Reserve Bank of India (RBI) and cabinet members have been finalised, the call for cryptocurrencies will be made. 

“There are many negotiations and discussions with the Reserve Bank of India about cryptocurrency. RBI will ask what form of non-official cryptocurrency is planned and how this is regulated. We wish to ensure, however, that a window is made available in the crypto world for all kinds of experiments; “

she told IBLA townhall of CNBC-TV18.

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