Menteri Kewangan India Menolak Pelaksanaan Cryptocurrency Domestik
In 2020, a social survey conducted in India found that clarity of laws and understanding of the rules for using cryptocurrency is a problem for 68% of respondents
In light of this survey and a number of other reasons, Indian Finance Minister Anuraga Thakura made a statement that India is not considering the possibility of introducing a national cryptocurrency.
This statement became part of the responses for lawmakers about the prospects for the use of cryptocurrency in the country. And it is a continuation of the budget speech given several years earlier. In which it was also said about the official position of the government not to consider cryptocurrencies as legal tender. Also last week during a government meeting, a proposal to completely ban private cryptocurrencies was added to the list of bills.
Interesting is the fact that, contrary to the minister's statement, the Reserve Bank of India (RBI) recently issued a brochure. In which it is said that the country's central bank is currently exploring the possibility of creating a cryptocurrency and ways to integrate it.
Despite the confusion of the situation in India, many people remain optimistic. Nishal Shetty, CEO of WazirX, a popular cryptocurrency exchange in India, commented:
"I don't think India will ban cryptocurrency entirely."
Shetty also believes that the government's actions will not harm global investors.