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India will not 'shut off' all cryptocurrency, wants blockchain: Sitharaman

Bitcoin, the world's biggest and earlier cryptocurrency, has crossed a record high of $60,000.

Nirmala Sitharaman

Financial technology (fintech) firms depend on blockchain, the backbone of cryptocurrencies, and they should have a window available.

Indivjal Dhasmana New Delhi
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 had said at an India Today conclave.
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

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First Published: Mar 14 2021 | 8:34 PM IST

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