India's Take On Crypto

India's Take On Crypto - Check out in detail

During G20 meet, India's Finance Minister Nirmala Sitharaman talked about crypto.

According to reports, she informed that by recognizing the risks associated with private virtual assets, the G20 nations moved a step closer.

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She specified that they are taking into account the macroeconomic and regulatory perspectives.

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Shaktikanta Das, RBI Governor, stated that a ban or prohibition on crypto in India "should be considered".

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He detailed about financial risks and instabilities attacked with cryptocurrency in India.

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Das specified saying that crypto assets need to be looked as involve major risks from cyber security issues to overall financial stability.

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The governor of the Reserve Bank of India, Shaktikanta Das, said that crypto in India "should be examined".

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