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Cryptocurrency News

India needs global collaboration to decide on crypto’s future, says finance minister

07/18/2022

Less than a minute

2022.07.18 21:29

Indian finance minister Nirmala Sitharaman has called for global collaboration on cryptocurrencies, assessing their pros and cons to form a common standard and taxonomy.

Addressing a question on cryptocurrency in the Lok Sabha, the lower house of the Indian parliament, Sitharaman said that the Indian central bank had advised the government to prohibit the use of cryptocurrencies as it poses a risk to financial stability. However, the government is looking for a global approach. She said:

Source

07/18/2022

Less than a minute