Finance Minister Nirmala Sitharaman on Friday made it clear that cryptocurrency assets cannot be currencies, saying that the government's position on such assets has always been clear. She was responding to a question during a session at the India Today Conclave 2024.


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When asked whether the government will reassess its position on cryptocurrencies amid the recent surge, she said,


"Its position has always been this, that assets created in the name of crypto can be assets for trading, assets for money making and assets for many other things."

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