The FM reiterated the government’s stance on allowing a window for experiments in Bitcoin
Sitharaman said the Reserve Bank of India will take a call on an official cryptocurrency
Earlier this month, she had said that as the world moves fast with technology, India can’t look the other way
Finance minister Nirmala Sitharaman has reiterated the government’s stance on allowing a window for experiments in Bitcoin, blockchain and cryptocurrency, and suggested that a blanket ban may not be instituted on these new-age financial technologies.
Sitharaman said that while the Reserve Bank of India will take a call on an official cryptocurrency, while the Supreme Court has already spoken on the matter in its ruling last year, reallowing bank transactions for cyrptocurrency trade.
Speaking at a media event on Saturday (March 13, 2021), Sitharaman said that a cabinet note is getting prepared on the matter, and added, “From our side, we are clear that we are not shutting all options off. We will…