International Monetary Fund flags debt restructuring hurdles, says banning crypto should be an option
1 year, 9 months ago

International Monetary Fund flags debt restructuring hurdles, says banning crypto should be an option

Firstpost  

Bengaluru: Group of 20 nations have some disagreements over restructuring debt for distressed economies, the chief of the International Monetary Fund said on Saturday, adding that banning private cryptocurrencies should be an option. “On debt restructuring, while there are still some disagreements, we now have the global sovereign debt roundtable with consideration of all public and private creditors,” IMF Managing Director Kristalina Georgieva told reporters after chairing the roundtable with Indian Finance Minister Nirmala Sitharaman. “We look forward to participating in it.” Crypto Restrictions Apart from restructuring debt, regulating cryptocurrencies is another priority area for India, which Georgieva agreed with. “There has to be a very strong push for regulation… if regulation fails, if you’re slow to do it, then we should not take off the table banning those assets, because they may create financial stability risk.” Yellen said she had not suggested the “outright banning of crypto activities, but it was critical to put in place a strong regulatory framework.” Read all the Latest News, Trending News, Cricket News, Bollywood News, India News and Entertainment News here.

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History of this topic

RBI Governor Shantikanta Das Warns of Huge Risks to Financial Stability from Cryptocurrencies
1 month, 4 weeks ago

RBI Governor Shantikanta Das Warns of Huge Risks to Financial Stability from Cryptocurrencies

New Indian Express  

RBI Governor Shantikanta Das expresses concerns about cryptocurrencies, stating that they pose significant risks to financial stability. He argues that cryptocurrencies have the characteristics of money and could undermine the central bank's control over the monetary system. Das emphasizes the need for careful consideration and a cautious approach towards cryptocurrencies, considering the potential for instability and financial sector instability.

Crypto currencies have no underlying value, says RBI official
10 months, 1 week ago

Crypto currencies have no underlying value, says RBI official

The Hindu  

Crypto currencies cannot be referred to as "currencies" as they have no underlying value, a central bank official said. "Crypto currencies cannot be called currencies as they don't have any underlying value," P Vasudevan, an executive director at the RBI, said during a panel discussion organised by IIM-Kozhikode here. Ultimately it is a call that the government has to take …

A timeline of crypto regulations: From ‘illegal tender’ to G20’s nod
1 year, 2 months ago

A timeline of crypto regulations: From ‘illegal tender’ to G20’s nod

Live Mint  

Finance ministers of G20 nations have now adopted the synthesis paper released by Financial Stability Board and International Monetary Fund that carries a number of suggestions on regulations of cryptocurrencies. Here is the timeline of regulatory evolution that the digital currencies have undergone: Feb 1, 2018: Then Finance Minister Arun Jaitley, during the Budget Speech, said government did not consider …

India's G20 presidency: A watershed moment in crypto regulation
1 year, 2 months ago

India's G20 presidency: A watershed moment in crypto regulation

Hindustan Times  

In the annals of global diplomacy, India's tenure at the helm of the G20 presidency will be remembered as a period of significant milestones and transformative initiatives. From thriving in a rapidly expanding crypto sector to navigating hurdles such as high taxes, shadow bans on banks working with crypto companies, and the inclusion of cryptocurrency under the purview of PMLA, …

As G-20 plans crypto regulatory framework, India may shelve plan for outright ban
1 year, 3 months ago

As G-20 plans crypto regulatory framework, India may shelve plan for outright ban

The Hindu  

With the G-20 countries agreeing to explore a coordinated regulatory framework for crypto assets, India could wait a while longer before firming up its domestic regulations for crypto currencies, and initiate a dialogue with stakeholders on the way forward. Any country can allow higher risks if they want, or ban it if they like, but whatever one does, it should …

On the Finance Track, G-20 to push forward on crypto regulation, MDB reforms next month
1 year, 3 months ago

On the Finance Track, G-20 to push forward on crypto regulation, MDB reforms next month

The Hindu  

Paving the way for a co-ordinated global approach to regulating cryptocurrencies, strengthening multilateral development banks’ lending capacity and replicating the use of digital public infrastructure like the India Stack to expand financial inclusion around the world, were some of the 10 major outcomes achieved under the Finance Track of India’s G-20 presidency. G-20 Summit 2023 Sept. 9 updates Discussions on …

G20 Summit: IMF, FSB Propose Crypto Regulation Framework
1 year, 3 months ago

G20 Summit: IMF, FSB Propose Crypto Regulation Framework

ABP News  

In what is anticipated to be a significant development during India's tenure as G20 president, participating nations have concurred on the establishment of a global framework for the regulation of cryptocurrency assets, according to sources cited by ANI. Under the stewardship of the Indian G20 presidency, the recommendation for a common framework addressing debt vulnerability issues has also been put …

G20 summit 2023: Crypto market hopeful for constructive dialogue on global regulation
1 year, 3 months ago

G20 summit 2023: Crypto market hopeful for constructive dialogue on global regulation

India TV News  

As world leaders are gathering in India to attend G20 summit 2023, the crypto market is hopeful for a dialogue on the revival of the industry with a common regulation in place. Under the leadership of India's presidency, the G20 countries are reportedly poised to introduce what could be recognised as the first-of-their-kind regulations governing cryptocurrencies and crypto assets worldwide. …

G20 could pave way for crypto regulation, financial inclusion push
1 year, 3 months ago

G20 could pave way for crypto regulation, financial inclusion push

The Hindu  

India’s G20 presidency could leave a lasting legacy for the world’s financial architecture by paving the way for a global template to regulate crypto assets, steering a shake-up of multilateral development banks that could yield additional financing of $200 billion over eight years to help countries deal with emerging challenges, and advancing financial inclusion. India has brought the regulation of …

Regulating crypto without global consensus will not be effective, says FM Sitharaman
1 year, 8 months ago

Regulating crypto without global consensus will not be effective, says FM Sitharaman

The Hindu  

Underlining that global consensus is necessary for the regulation of crypto before India makes any move on it, Union Finance Minister Nirmala Sitharaman on April 23 said a global template may have to be created, and everyone will have to work together on it, otherwise regulating it will not be effective. "Their report and IMF's report are going to be …

Crypto issue requires immediate attention, says FM Sitharaman
1 year, 8 months ago

Crypto issue requires immediate attention, says FM Sitharaman

The Hindu  

Issues related to crypto assets require immediate attention and the response of the G20 has to ensure that they do not lose any potential benefits while protecting economies from harm, Union Finance Minister Nirmala Sitharaman has said. Ms. Sitharaman was part of a brainstorming session on "Macrofinancial Implications of Crypto Assets" with G20 finance ministers and central bank governors at …

Any action on crypto assets will have to be global: FM Nirmala Sitharaman
1 year, 8 months ago

Any action on crypto assets will have to be global: FM Nirmala Sitharaman

Deccan Chronicle  

Washington: Union Finance Minister Nirmala Sitharaman on Thursday said that there was a greater acceptance among Group of 20 member countries that any new regulations on the crypto assets need to be globally coordinated. "I am glad to say that there is a greater acceptance among all G20 members, that any action on crypto assets will have to be global. …

Debt crisis key priority of India’s G20 presidency, says FM in US
1 year, 8 months ago

Debt crisis key priority of India’s G20 presidency, says FM in US

Hindustan Times  

Washington: Reiterating that addressing the growing debt distress was a priority for India’s G20 presidency, Union finance minister Nirmala Sitharaman has emphasised debt transparency, information-sharing, clarity on the comparability of treatment, predictability and timeliness of restructuring process as key principles that should govern the process. Sitharaman made the remarks while co-chairing a meeting of the global sovereign debt roundtable along …

India G20 presidency aims to develop common framework to deal with crypto risks: FM Nirmala Sitharaman
1 year, 8 months ago

India G20 presidency aims to develop common framework to deal with crypto risks: FM Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman has said India’s G20 presidency aims to develop a common framework for all countries to deal with risks associated with cryptocurrencies in the wake of the recent shocks witnessed in the crypto market. She also said G20 is trying to bring together all countries to address debt distress in middle-income and low-income nations like Sri Lanka …

Understanding the current state of crypto assets in India
1 year, 8 months ago

Understanding the current state of crypto assets in India

Live Mint  

It is a sweeping wave for some and a conundrum for others but crypto is the new buzzword in the world of investment finance. On the whole, the government seems to be accepting crypto and the underlying blockchain technology rather than casting them away as ‘risky’ or even ‘banning’ them. Banking is still not a breeze given RBI’s concerns The …

Crypto Regulation: India Collaborating With G20 Countries To Formulate Global Policy
1 year, 9 months ago

Crypto Regulation: India Collaborating With G20 Countries To Formulate Global Policy

ABP News  

Minister of State for Finance Pankaj Chaudhary on Monday informed the Parliament that India is working with G20 nations to establish a globally coordinated policy on crypto assets. Finance Minister Nirmala Sitharaman recently announced that there will be additional discussions on crypto assets during the IMF-World Bank Spring Meetings in April, to be held in Washington. Additionally, in July, the …

Crypto at G20 Summit: India recommends a joint technical paper by IMF & FSB on regulation
1 year, 9 months ago

Crypto at G20 Summit: India recommends a joint technical paper by IMF & FSB on regulation

India Today  

India has proposed a joint technical paper by the IMF and the FSB for help in the formulation of a coordinated and comprehensive policy approach to crypto assets. Both the above agencies are expected to present their papers in October this year, i.e., during the 4th G20 Finance Ministers and Central Bank Governors Meet, stated the Ministry of Finance, following …

Moving towards regulation on Cryptocurrency under India\'s G20 presidency: Nirmala
1 year, 9 months ago

Moving towards regulation on Cryptocurrency under India\'s G20 presidency: Nirmala

Deccan Chronicle  

Bengaluru: Union Finance Minister Nirmala Sitharaman on Saturday said that the government is progressing towards regulation on Crypto Currency under India's G20 presidency. "Further, in July, the FSB's paper on crypto assets regulation will be tabled so that it could be discussed at the next meeting of the finance ministers and central bank governors," she said. Speaking on the issue, …

Crypto needs an ‘international framework’: RBI Governor Das at G20
1 year, 9 months ago

Crypto needs an ‘international framework’: RBI Governor Das at G20

Live Mint  

RBI Governor Shaktikanta Das has once again pointed out that currently, there is risks associated with cryptocurrencies or crypto assets, and has mentioned that there is need for an international framework to deal with these risks. Das said, "there is now wide recognition and acceptance of the fact that cryptocurrencies, or crypto assets, or crypto products, or by whatever name …

IMF, FSB to flesh out crypto regulation in the wake of India’s push at G20
1 year, 9 months ago

IMF, FSB to flesh out crypto regulation in the wake of India’s push at G20

The Hindu  

The International Monetary Fund and the Financial Stability Board are set to formulate a technical paper in a bid to attain a coordinated global approach for the regulation of crypto assets as proposed by the Indian Presidency of the G20. The idea had found backing from U.S. Treasury Secretary Janet Yellen, who also mooted international cooperation to set high regulatory …

India Asks IMF, FSB To Prepare Technical Paper On Regulating Crypto
1 year, 9 months ago

India Asks IMF, FSB To Prepare Technical Paper On Regulating Crypto

News 18  

India, which is currently holding G20 Presidency, has asked the IMF and Financial Stability Board to jointly prepare a technical paper on crypto assets, which could be used in formulating a coordinated and comprehensive policy to regulate them. In their entirety, the IMF’s discussion paper, the policy seminar and the joint IMF-FSB paper are expected to integrate the policy questions …

Banning private cryptocurrencies should be an option: IMF chief
1 year, 9 months ago

Banning private cryptocurrencies should be an option: IMF chief

Live Mint  

Banning private cryptocurrencies should be an option, said IMF Managing Director Kristalina Georgieva on Saturday, on the sidelines of a G20 meeting. "We have to differentiate between central bank digital currencies that are backed by the state and stable coins, and crypto assets that are privately issued," said IMF chief Georgieva. "On debt restructuring, while there are still some disagreements, …

IMF flags debt disagreements, says banning crypto should not be off table
1 year, 9 months ago

IMF flags debt disagreements, says banning crypto should not be off table

Deccan Chronicle  

BENGALURU: There are some disagreements over restructuring debt for distressed economies, the chief of the International Monetary Fund said on Saturday on the sidelines of a G20 meeting, adding that banning private cryptocurrencies should be an option. India's G20 presidency comes at a time when its South Asian neighbours Sri Lanka, Bangladesh and Pakistan are seeking urgent IMF funds due …

IMF flags debt restructuring hurdles, says banning crypto should be an option
1 year, 9 months ago

IMF flags debt restructuring hurdles, says banning crypto should be an option

India Today  

Group of 20 nations have some disagreements over restructuring debt for distressed economies, the chief of the International Monetary Fund said on Saturday, adding that banning private cryptocurrencies should be an option. "On debt restructuring, while there are still some disagreements, we now have the global sovereign debt roundtable with consideration of all public and private creditors," IMF Managing Director …

Crypto Regulation: Nirmala Sitharaman Says India Discussing SoP Development For Assets With G-20 Nations
1 year, 10 months ago

Crypto Regulation: Nirmala Sitharaman Says India Discussing SoP Development For Assets With G-20 Nations

ABP News  

Finance Minister Nirmala Sitharaman on Monday said India is discussing with the G-20 member countries the need to develop a standard operating protocol for regulating crypto assets. She said crypto assets and web3 are relatively new and evolving sectors, and require significant international collaboration for any specific legislation on these sectors to be fully effective. In reply to a separate …

The way forward on crypto regulations
1 year, 10 months ago

The way forward on crypto regulations

Hindustan Times  

The finance ministers and the heads of central banks of G20 countries gathered this past weekend for a crucial meeting that could lay the foundations of future of crypto regulations. Finance minister Nirmala Sitharaman indicated ahead of the meeting that on the agenda will be the need for a standard operating procedure of sorts, for which all participants will need …

G20 exploring cryptocurrency regulation, says India's Finance Minister Sitharaman
1 year, 10 months ago

G20 exploring cryptocurrency regulation, says India's Finance Minister Sitharaman

Firstpost  

Prime Minister Narendra Modi’s government has for several years debated drafting a law to regulate or even ban cryptocurrencies but has not made a final decision The Group of 20 big economies is exploring whether the group could collectively regulate cryptocurrencies, Finance Minister Nirmala Sitharaman said on Saturday. Given the sophisticated technologies involved with these virtual assets, countries must discuss …

Crypto Regulation: Nirmala Sitharaman Urges IMF To Develop Globally Coordinated Approach
1 year, 10 months ago

Crypto Regulation: Nirmala Sitharaman Urges IMF To Develop Globally Coordinated Approach

ABP News  

Finance Minister Nirmala Sitharaman on Thursday held a discussion with IMF managing director Kristalina Georgieva and urged the multi-lateral funding agency to develop a globally coordinated approach to the regulation of crypto assets.The Finance Minister held a virtual conversation with the International Monetary Fund MD to discuss the upcoming G20 Finance Ministers and Central Bank Governors meeting, scheduled to be …

India likely working on roadmap to regulate cryptocurrencies at G-20
1 year, 10 months ago

India likely working on roadmap to regulate cryptocurrencies at G-20

Live Mint  

India is likely to introduce a roadmap for regulating virtual assets such as cryptocurrencies. On Thursday, Economic Affairs Secretary Ajay Seth in an interview said that the government is working with Financial Stability Board to at least build a policy for crypto assets along with a regulatory framework. He added, "we are also working with the FSB and the idea …

Budget 2023: What Awaits The Crypto Sector? Everything You Need To Know
1 year, 11 months ago

Budget 2023: What Awaits The Crypto Sector? Everything You Need To Know

ABP News  

The 2023 Union Budget is nearly here and the biggest question that’s haunting the mind of crypto enthusiasts is simple — how will the Finance Ministry treat the virtual digital assets sector this time around? While 2022 saw several important milestones for the crypto sector, from the taxation of gains to the introduction of a central bank digital currency, the …

India to seek harmony in crypto regulation in G-20 finance talks
2 years ago

India to seek harmony in crypto regulation in G-20 finance talks

The Hindu  

A coordinated approach to regulating crypto assets, managing debt vulnerabilities and reorienting global financial institutions have been identified as critical focus areas of the Finance Track agenda for India’s G-20 Presidency, which will kick-off with the first meeting of G-20 Finance and Central Bank Deputies in Bengaluru on Tuesday. Finance Minister Nirmala Sitharaman and Reserve Bank of India Governor Shaktikanta …

Yellen moots global cooperation on cryptocurrency regulation
2 years, 1 month ago

Yellen moots global cooperation on cryptocurrency regulation

The Hindu  

United States’ Treasury Secretary Janet Yellen and Finance Minister Nirmala Sitharaman discussed issues relating to cryptocurrency regulation during her maiden official visit to India on Friday, with Ms. Yellen mooting international cooperation to set high regulatory standards for crypto assets and reduce the cost of cross-border payments. Ms. Yellen said India was a key part of the United.States.’ ‘friendshoring’ approach …

Understanding cryptocurrencies
2 years, 5 months ago

Understanding cryptocurrencies

Hindustan Times  

There is a need for a broader international collaboration before cryptocurrency regulations can be drawn up in India, finance minister Nirmala Sitharaman told Parliament this week. In May, an entire currency — known as the Terra/Luna stablecoin pair — and a crypto-based lending platform known as Celsius crashed, wiping out tens of millions of dollars of wealth. Searching with just …

RBI wants govt to prohibit cryptocurrencies: FM Sitharaman
2 years, 5 months ago

RBI wants govt to prohibit cryptocurrencies: FM Sitharaman

India TV News  

Highlights Nirmala Sitharaman said RBI has expressed concerns over cryptocurrencies "They should be prohibited as they can have destabilising effects on monetary and fiscal stability" The RBI mentioned that cryptocurrencies are not a currency Finance Minister Nirmala Sitharaman on Monday said the RBI has expressed concerns over cryptocurrencies saying that they should be prohibited as they can have destabilising effects …

International finance body plans to set down regulations for stablecoins
2 years, 5 months ago

International finance body plans to set down regulations for stablecoins

The Hindu  

In light of the crypto sector’s ongoing crisis, the Financial Stability Board or FSB, an organisation that advises on matters relating to international finance, has promised to soon report on the regulation of activities involving cryptocurrency. Citing the “recent turmoil” in the crypto market, the FSB’s statement underlined the need for common domestic and international standards in order to regulate …

Cryptocurrencies clear danger, says RBI Governor
2 years, 5 months ago

Cryptocurrencies clear danger, says RBI Governor

The Hindu  

The government is in the process of finalising a consultation paper on cryptocurrencies after gathering inputs from various stakeholders and institutions. In the foreword to the 25th issue of the Financial Stability Report released on Thursday, Das also said that as the financial system gets increasingly digitalised, cyber risks are growing and need special attention. In the foreword of the …

Cryptocurrencies Akin to 'a World of Carribean Pirates' in Absence of Regulation: CEA
2 years, 6 months ago

Cryptocurrencies Akin to 'a World of Carribean Pirates' in Absence of Regulation: CEA

News 18  

Chief Economic Adviser V Anantha Nageswaran on Thursday said cryptocurrencies are akin to ‘a world of Carribean pirates’ in the absence of a centralised regulatory authority and is yet to pass the test of a fiat currency. He said that the government is pursuing a ‘high-wire balancing act’ to ensure that the gains in growth, inflation, rupee stability of the …

Cryptocurrency to be banned in India? What we know so far
2 years, 10 months ago

Cryptocurrency to be banned in India? What we know so far

India Today  

The question over the legality of cryptocurrencies in India has garnered eyeballs, especially after the government's move to tax virtual digital assets. Apart from providing clarity on taxation on virtual digital assets, Union Finance Minister Nirmala Sitharaman and top officials of the government have given statements on the future of cryptocurrency in the country. The proposed bill TAXATION ON VIRTUAL …

Cryptocurrencies worse than Ponzi schemes, banning them advisable: RBI Deputy Governor
2 years, 10 months ago

Cryptocurrencies worse than Ponzi schemes, banning them advisable: RBI Deputy Governor

India Today  

Reserve Bank of India Deputy Governor T Rabi Sankar on Monday said that banning cryptocurrencies is the most advisable choice for India as they are akin to Ponzi schemes and "may even be worse". FM Nirmala Sitharaman replies Rabi Sankar said that cryptocurrencies can wreck the currency system, the monetary authority, the banking system, and in general, the government’s ability …

Banning cryptocurrency perhaps most advisable choice open to India: RBI Deputy Governor
2 years, 10 months ago

Banning cryptocurrency perhaps most advisable choice open to India: RBI Deputy Governor

India TV News  

Highlights Banning cryptocurrency is perhaps the most advisable choice open to India, says RBI Deputy Governor Crypto-technology is underpinned by a philosophy to evade government controls, he said Cryptocurrencies developed to bypass regulated financial system, RBI Deputy Guv said Banning cryptocurrency is perhaps the most advisable choice open to India, said RBI Deputy Governor T Rabi Sankar adding they have …

Cryptocurrencies to be banned in India? FM Nirmala Sitharaman replies
2 years, 10 months ago

Cryptocurrencies to be banned in India? FM Nirmala Sitharaman replies

India Today  

Finance Minister Nirmala Sitharaman on Friday said that a decision on "banning or not banning" cryptocurrencies will be taken after consultations. She also said that the government's move to levy a 30 per cent tax on gains from cryptocurrencies has nothing to do with the legality of private digital currencies in the market. "Banning or not banning cryptocurrencies will come …

Cryptocurrencies are threat to macroeconomic and financial stability, warns RBI governor
2 years, 10 months ago

Cryptocurrencies are threat to macroeconomic and financial stability, warns RBI governor

India TV News  

Highlights RBI Guv Shaktikanta Das said cryptocurrencies are threat to macroeconomic, financial stability. RBI Governor Shaktikanta Das on Thursday made it clear that private cryptocurrencies are a threat to macroeconomic and financial stability, and undermine its ability to deal with challenges on the two fronts. Private cryptocurrencies or whatever name you call it are a threat to our macroeconomic stability …

As of 2021, Over 50 Countries Have Bans on Cryptocurrency
2 years, 11 months ago

As of 2021, Over 50 Countries Have Bans on Cryptocurrency

News 18  

Cryptocurrencies gained extraordinary popularity in 2021. In May 2021, the Asian country decided to ban Chinese financial institutions from providing services relating to cryptocurrencies. According to the Law Library of Congress report of November 2021, 51 countries have taken the step of banning cryptocurrencies, either implicitly or absolutely. In its report, the Law Library of Congress lists 103 countries that …

Regulating crypto assets in India
2 years, 11 months ago

Regulating crypto assets in India

Hindustan Times  

The Indian crypto asset industry has witnessed exponential growth over the last five years and today, the country reportedly has 15 million crypto asset holders that have put in Rs6.6 billion in these crypto asset holdings. This report seeks to bring clarity around crypto assets as a technology and make recommendations for the regulation of the Indian crypto asset market. …

Private cryptocurrencies pose immediate risks to customer protection, prone to frauds: RBI
2 years, 11 months ago

Private cryptocurrencies pose immediate risks to customer protection, prone to frauds: RBI

The Hindu  

Private cryptocurrencies pose immediate risks to customer protection and are prone to frauds and extreme price volatility, given their highly speculative nature, the Reserve Bank of India said in its financial stability report released on Wednesday. The latest report noted that the proliferation of private cryptocurrencies across the globe has sensitised regulators and governments to the associated risks. "Private cryptocurrencies …

Private Cryptocurrencies Pose Immediate Risks to Customer Protection, Says RBI
2 years, 11 months ago

Private Cryptocurrencies Pose Immediate Risks to Customer Protection, Says RBI

News 18  

Mumbai, Dec 29: Private cryptocurrencies pose immediate risks to customer protection and are prone to frauds and extreme price volatility, given their highly speculative nature, the Reserve Bank of India said in its financial stability report released on Wednesday. The latest report noted that the proliferation of private cryptocurrencies across the globe has sensitised regulators and governments to the associated …

Neither ban nor regulate crypto
3 years ago

Neither ban nor regulate crypto

The Hindu  

“India has officially adopted bitcoin as legal tender,” tweeted the Prime Minister at 2 a.m. on December 12. For now, the Indian government must be explicit that India will never recognise cryptocurrencies as currency. The argument for regulating cryptocurrencies is the notion that millions of investors indulge in risky cryptocurrency trading which can cause losses, increase volatility, spur shadow finance …

Govt may not ban cryptocurrencies, regulation likely: Reports
3 years ago

Govt may not ban cryptocurrencies, regulation likely: Reports

India Today  

Cryptocurrencies may not be completely banned in India and the government may create a framework to regulate highly risky virtual assets, as per multiple reports. The development comes at a crucial time as the government’s upcoming cryptocurrency bill has spooked investors and other stakeholders. Read | Cryptocurrency Bill: Raining on India's crypto parade A few days ago, Finance Minister Nirmala …

Don’t ban cryptocurrencies, instead set up a regulatory body
3 years ago

Don’t ban cryptocurrencies, instead set up a regulatory body

Firstpost  

The potential of crypto is enormous and banning it would be throwing the baby out with the bathwater Whether you are for or against bitcoins and cryptocurrencies, you cannot deny their importance as an evolution in money and banking. There are approximately 150-200 million crypto users worldwide and about 15-20 million in India, according to Nischal Shetty, CEO of WazirX. …

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