Indian Finance Minister Nirmala Sitharaman clarified the government’s stance on crypto at the India Today Conclave 2024 event on Friday.
Responding to a question about whether the Indian government will reassess its position on crypto in light of bitcoin’s price recovery, Sitharaman exclaimed: “Reassess its position? Its position has always been this, that assets created in the name of crypto can be assets for trading, assets for speculation, assets for money making, assets for many other things.”
The finance minister noted: “We hadn’t regulated them then. We haven’t regulated them even now.” She stressed:
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