March 17, 2021

reemerge

New reports of India’s crypto ban re-emerge after finance minister said a ‘calibrated’ position will be taken

The Indian government is reportedly planning to ban cryptocurrencies after all.

New reports of the ban have re-emerged after the country’s finance minister recently said a “calibrated” position will be taken on cryptocurrencies.

On Monday, Reuters, citing a “senior government official,” who has “direct knowledge of the plan,” reported that India will propose a law banning cryptocurrencies in almost all forms, including trading, holding, and mining.

The report comes shortly after recent comments made by India’s finance minister Nirmala Sitharaman, who said: “We are not closing our minds. We are certainly looking at ways in which experimentations can happen

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