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India’s Finance Minister: Cryptoassets cannot become currencies and has raised regulatory issues with the G20

India’s Finance Minister: Cryptoassets cannot become currencies and has raised regulatory issues with the G20

Cointime2024/03/17 06:40
By: Cointime
BTC+0.26%

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.
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