Indian Finance Minister Nirmala Sitharaman has reiterated the Indian government’s position on crypto assets, stating that they cannot be considered currencies issued by central banks. She clarified that while crypto assets can be used for trading, speculation, and profit-making, they do not meet the criteria to be classified as currencies. Sitharaman also revealed that India has raised the issue of crypto regulation with the G20 and expressed optimism that a framework will emerge from these discussions. The minister emphasized the need for a global approach to regulating crypto assets to prevent illicit activities such as money laundering and funding terrorism.
Latest
Indian Finance Minister Says Crypto Assets Cannot Be Currencies — Expects ‘Some Framework Emerging’ From G20 Discussion
