India, known for its anti-Bitcoin (BTC) and anti-cryptocurrency stance, stated that it will decide its political stance on the sector in the coming months.
Head of Department of Economic Affairs, Ministry of Finance of India Shri Ajay Seth, country on cryptocurrencies final decision He stated that he was considering determining it in the next settings.
Seth, of which India is also a member the world’s 20 largest economies consisting of countries with G20 economic group about cryptocurrency risk framework He stated that he created it. Seth analyzes and analyzes what global leaders have decided on this issue. that it will establish its crypto monetary policy orientation in this direction. He expressed it with the following statements:
Based on the consensus we have reached, or rather created, we will review these recommendations very carefully and determine our own policies and move forward.
India’s prime minister, who has worked to establish a G20-wide consensus Narendra Modi On the regulation of crypto call for global cooperation was found.
The anti-cryptocurrency policies of the Reserve Bank of India (RBI) have a connection with the current decision. contrast a question implying whether it creates negative by Seth It was answered as follows:
You should not see this situation as a contradiction. A risk assessment framework has been established, with this framework in mind we will analyze our own position according to the agreement of global leaders to move forward together.
Although the RBI and the Indian government have developed many negative statements against cryptocurrencies in the past, they have taken many steps to adopt blockchain technology. Ministry of Electronics and IT, India He said last month that he was planning to develop a native web browser supported by crypto tokens.