Former Finance Secretary Urges Indian Government to Encourage Crypto Services, Regulate Cryptocurrencies
Former Finance Secretary Subhash Chandra Garg, who headed the committee that drafted India’s cryptocurrency bill, says that the government should not ban cryptocurrencies but regulate them instead. He further urges the government to encourage crypto services.
Indian Government Should Regulate Cryptocurrencies and Encourage Crypto Asset Services
Subhash Chandra Garg said Thursday at a virtual event organized by industry body Assocham that the Indian government should regulate cryptocurrencies instead of prohibiting them, PTI reported.
He elaborated:
I don’t think we still have full clarity and understanding about how to regulate cryptocurrencies … Regulate, control cryptocurrencies but allow the crypto assets, encourage the crypto services.