India’s finance minister, Nirmala Sitharaman, has hinted that the government may not go for a blanket ban on cryptocurrency in the country.
The finance minister has said that the government is open to experimentation with new technologies and is not closing its minds for them. Sitharaman added that the government is engaging discussions with the Reserve Bank of India and would take a very calibrated approach on the matter.
According to the finance minister, the call on cryptocurrencies would be taken after deliberations with cabinet members and the Reserve Bank of India (RBI) are over. She revealed that the RBI is engaging in lots of discussions and negotiations regarding cryptocurrencies and would take a call on how unofficial cryptocurrency would be handled and regulated.
In an interview with CNBC-TV18 on March 6, Sitharaman said: “We want to make sure there is a window available for all kinds of experiments which will have to take place in the crypto world. It is…