Team Blitz India
NEW DELHI: Finance Minister Nirmala Sitharaman was asked on March 15 about India’s stance on crypto currencies. Sharing her response, she said that cryptocurrencies were not seen or perceived as currency in India.
Sitharaman was speaking at the India Today Conclave when she was asked if the recent bull run in the crypto sector had nudged to Government to think about the position of cryptocurrencies in India’s financial space.
In response to the question, Sitharamansaid, “Its (the Government’s) 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.
We haven’t regulated them then, and we haven’t regulated them now. But they cannot be currencies and that’s the Government of India’s position.”
