[Blockchain Today Reporter Jeong Seung-won] Indian Finance Minister Nirmala Sitharaman said in an interview with CNBC on the morning of the 6th (local time) that the report on the bulk ban on cryptocurrency was exaggerated. While negotiations are currently underway, he said he expects the final result to be more relaxed.
According to Cointelegraph reports, Sitaraman said, “There is a lot of negotiations and discussions with the staging bank.” I will proceed to fill it. But we want to see if there are opportunities for all kinds of experiments. Such an opportunity must occur in the world of cryptocurrency.”
The minister stressed that the regulation would not be as severe as previously reported. The authorities will review internally and take a very cautious position contrary to various messages coming from around the world.
“Technology is moving the world fast,” he said. We cannot pretend not to know this. […] I think I can give you a clue like this. We are not closing our minds, and we are definitely watching how experiments with cryptocurrencies and the like are done in the digital world.”
Sitaraman’s remarks are likely to be a source of salvation for cryptocurrency companies, users and holders in the world’s second most populous country.
Earlier this month, Bloomberg News reported that India would ban all cryptocurrencies, citing India’s senior finance minister. The speculation of such a ban has attracted widespread criticism from the cryptocurrency community. Some have compared this to an attempt to ban the Internet. However, some companies saw a hot response to such reports and continued rapid development.
contact@blockcast.cc
