The Indian cryptocurrency community has been witnessing tremendous growth but a lack of regulatory clarity has been a significant roadblock. Although the government of India has been apprehensive of cryptocurrencies, it has recently been talking about keeping an “open mind” and working to boost the development of a national digital fiat.
Anurag Thakur, Minister of State, Finance Ministry cleared the air about the alleged ban on cryptos like Bitcoin. While talking about the crypto bill that is yet to make its way to the parliament, Thakur noted that the government was considering the issue pertaining to digital assets as one of the main agendas for the government. The current government has been emphasizing the need for digitizing the country and thus, a crypto ban might go against that stance.