India’s Finance Minister: Cryptoassets cannot become currencies and has raised regulatory issues with the G20
Nirmala Sitharaman, India's Finance Minister, stated in response to whether the Indian government will reassess its stance on cryptocurrencies based on the rise in Bitcoin prices that the Indian government's position is that cryptocurrencies cannot be issued by the central bank as currency. Nirmala clarified that cryptocurrencies can be used for trading, speculation, profit, and various other purposes. In addition, Nirmala mentioned that India has raised the issue of cryptocurrency regulation with the G20 and believes that "some framework will emerge."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Sei Investments increases 39% stake in MicroStrategy

Fidelity Spot Solana ETF Gains Traction As SEC Acknowledges Filing

Paul Atkins Moves Closer to SEC Chair Role After Senate Committee Approval

Lawmakers Request SEC Records on WLFI Over Trump Family’s Reported Financial Ties

Trending news
MoreCrypto prices
More








