Indian Finance Minister Answers Questions on Cryptocurrency Plans and Ban Proposal
India’s Finance Minister Nirmala Sitharaman has answered some questions regarding cryptocurrency in Rajya Sabha, the upper house of India’s parliament. The questions include measures the government plans to impose on the crypto industry.
Finance Minister Nirmala Sitharaman Answers Crypto Questions in Parliament
The Indian finance minister answered four questions Tuesday in Rajya Sabha regarding the “trading in cryptocurrency,” including measures outlined in the crypto bill.
Minister Sushil Kumar Modi asked the minister of finance whether “a ban was imposed on bitcoin trading in 2018,” which was later lifted by the supreme court, whether other cryptocurrencies are still banned, and whether “despite the ban, illegal trading of cryptocurrency is still being done on a large scale.”