crypto ban in india - Daily News Capsule

The cryptocurrency industry in India is relieved at Union finance minister Nirmala Sitharaman’s comments that the government will take a “calibrated" approach to crypto trading norms in the country. The minister said “negotiations and discussions" are going on with the Reserve Bank of India (RBI) on how to regulate cryptocurrency in India. “Obviously, the RBI will take a call on what kind of official currency, cryptocurrency will have to be planned and how it has to be regulated," she said in an interview with CNBC TV18 on Saturday. “The finance minister’s stance on ‘considering a calibrated approach’ is an encouraging sign. We are a 100-plus staff company with some of the best talents emerging out of some of the premier institutes of India like the Indian Institutes of...

RBI Governor Shaktikanta Das, on Wednesday, expressed his concern over the impact of cryptocurrencies. They are feared that cryptocurrency may have on the financial stability of the country. Blockchain technology is still supported. In an interview, he voiced out the major concerns related to cryptocurrencies. RBI has already filed a petition for the ban to the government. It is under consideration and they will soon make a decision with the involvement of the government and parliament. He clearly stated that; blockchain technology is different. Therefore, the government is planning to make the best use of it in the coming future. But crypto has concerns over the financial stability angle and reported the same to the officials. Blockchain Stocks to invest other than crypto However...

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