Indian Finance Minister made a statement on Cryptocurrencies

Indian Finance Minister Nirmala Sitharaman said in a statement on cryptocurrencies that “The government of India is watching crypto ads closely but is currently not weighing the ban on crypto ads, and the crypto bill that should be submitted during the government’s current parliamentary session is based on input from the 2019 bill and other recommendations.”

The Indian government continues to work on cryptocurrencies. Finance Minister Sitharaman tried to clear some of the confusion surrounding cryptos in India during the parliamentary question-and-answer session. But she didn’t say anything specific about whether they would be banned or regulated. She said the crypto bill is coming to parliament very soon, she said.

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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.