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Finance Minister Nirmala Sitharaman on Tuesday said the risk of cryptocurrency going in the wrong hands is being monitored. The Minister also stated that there is no decision to stop advertisements of digital currencies.
No proposal to recognise bitcoin, crypto as legal currency: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman said on Monday in response to a question in the Lok Sabha that the government has no plans to recognize Bitcoin as a currency in India. She also assured the Lok Sabha that the government doesn't track Bitcoin transactions. Sitharaman cleared that there are no plans for Bitcoin to be recognized as a currency in the country. When asked the
Cryptocurrency Bill in 2021. Many crypto players are eagerly waiting to see the positive decision from the government that could allow investing and trading in cryptocurrencies with some restrictions.
Cryptocurrency needs to be regulated; outright ban will cost govt millions, say experts