Bitcoin (BTC) and to cryptocurrencies Negative statements against cryptocurrencies continue to come in India, which has a tough and prohibitive attitude towards cryptocurrencies.
India’s Finance Minister, Nirmala Sitharaman, said in her speech to the parliament today that the Reserve Bank of India (RBI) is in the country. cryptocurrencies He said he was willing to ban its use.
Responding to five written questions from Indian lawmaker Thirumaavalavan Thol, the finance minister stated that he was concerned about the RBI’s destabilizing effect of cryptocurrencies on a country’s monetary and financial stability.
Cryptocurrency Pointing out that there should be regulations in the sector, Nirmala Sitharaman said that there should be international cooperation on this issue.
“The RBI is of the opinion that cryptocurrencies should be banned.
Also, cryptocurrencies are by definition unlimited and require international cooperation to avoid regulatory arbitrage.
Therefore, any regulation or prohibition legislation can be effective only after international cooperation in assessing the risks and benefits and establishing common standards.”
Earlier this year, central bank governor T Rabi Shankar also said that banning cryptocurrencies would be the best choice for India.
Also, India earlier this year, crypto- He decided to levy a 30% tax on profits from his trade.