Express
India Government Reconsiders Crypto Ban
Summary: According to Decrypt, Nirmala Sitharaman, India's Finance Minister, said yesterday on India’s business channel, CNBC-TV18, that the government’s position on crypto will be "calibrated” and it wants to make sure there’s “a window available for all types of experiments in the crypto world.” Nischal Shetty, CEO of crypto exchange WazirX, told that the Indian crypto industry sees ...
According to Decrypt, Nirmala Sitharaman, India's Finance Minister, said yesterday on India’s business channel, CNBC-TV18, that the government’s position on crypto will be "calibrated” and it wants to make sure there’s “a window available for all types of experiments in the crypto world.” Nischal Shetty, CEO of crypto exchange WazirX, told that the Indian crypto industry sees this as the clearest sign yet that the government will not go ahead with a blanket ban on cryptocurrencies as previously feared. Sidharth Sogani, CEO of the Indian crypto intelligence firm CREBACO, told that it’s the industry’s persistent dialogue with the government that has prevented a blanket ban. Their constructive engagement with the government has paid off.
In January, the Indian Parliament tabled the “The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021” which seeks to ban all “private cryptocurrencies”.
