India's Take On Crypto

February 26, 2023 Story: Divya Sinha

During G20 meet, India’s Finance Minister Nirmala Sitharaman talked about crypto.

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According to reports, she informed that by recognizing the risks associated with private virtual assets, the G20 nations moved a step closer.

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She added that they are developing a comprehensive policy approach to deal with crypto assets.

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She specified that they are taking into account the macroeconomic and regulatory perspectives.

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Shaktikanta Das, RBI Governor, stated that a ban or prohibition on crypto in India “should be considered”.

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He detailed about financial risks and instabilities attacked with cryptocurrency in India.

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Das specified saying that crypto assets need to be looked as involve major risks from cyber security issues to overall financial stability.

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