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Indian Finance Minister: A new law to regulate cryptocurrencies is coming soon



Time:8/12/2022 12:21:16 PM

[Minister of Finance of India: A new law to regulate cryptocurrencies is about to be introduced] On August 12, the current Finance Minister of India, Nirmala Sitharaman, urged people to be cautious about buying cryptocurrencies, saying that buyers of cryptocurrencies need to be "very careful". New laws to regulate cryptocurrencies are on the horizon. According to reports, the Indian government intended to ban cryptocurrencies in November last year, but then shelved the plan. At the time, Nirmala Sitharaman said that global coordination would be required to make such a ban effective. Digital currencies are still in a regulatory gray area in the country, and India Cryptocurrencies are not yet considered a form of money. (CNN News18)

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