Amid the wave of fearmongering in India since the speculation of an absolute crypto ban took over the market, the Finance Minister’s exclusive statement has come as a sigh of relief for the crypto community and confirmed otherwise.
The Indian Finance Minister, Nirmala Sitharaman said in a reply to the Lok Sabha on Monday that the government is most definitely not seeking to deem Bitcoin as a currency in the country. However, she did not mention anything about banning crypto and suspension of trading activities. This further reaffirmed the information from inside sources that the government is only considering to regulate crypto as an asset while prohibiting its use as a form of payment. Henceforth, while payments via crypto will be restricted, trading will go on smoothly.
Sitharaman’s Confirmation May Reverse the Indian Crypto Crash
Recently, the Indian crypto market tripped and fell phenomenally, post the speculations about a crypto ban in India spread like wild fire, after the cr
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