India to allow experiments in Cryptocurrency instead of a ban, says FM
Currently, govt is in talks with the RBI and will soon reach a decision
FM added that India’s milestones in fintech are looked upon by the rest of the world
Indian crypto stakeholders have been rooting for positive regulation for crypto
Nirmala Sitaraman added that while the world moves fast with tech, India can’t look the other way
Cryptocurrency and Regulation of Official Digital Currency Bill 2021 was announced in January
The bill supports the ban of all private cryptocurrencies except RBI’s official digital currency
