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Finance minister Nirmala Sitharaman has made it clear that there will not be a complete ban on cryptocurrencies or at least the technology part of it.
“From our side, we are very clear that we are not shutting all options. We will allow certain windows for people to do experiments on blockchain, bitcoins or cryptocurrency,” Sitharaman
She said fintech depends on such experiments and it will have that window available. “We are not going to shut it off,” she said.
But it is the Cabinet note which will detail the kind of formulation, she said, adding the note will get ready soon. “It is nearing completion, and then it will be taken to the Cabinet. The Supreme Court had commented on cryptocurrency. We are very clear that the Reserve Bank of India (RBI) will take a call on an official cryptocurrency,” she said.
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