Decision on crypto: Here is what FM Nirmala Sitharaman said on virtual currency regulation
Zee News
The decision on crypto will not be rushed through, FM Nirmala Sitharaman said in an interaction at Stanford University.
Washington: Flagging concerns over likely misuse of crypto, Finance Minister Nirmala Sitharaman has said India will take a considerate decision on regulation around the virtual currency.
The decision on crypto will not be rushed through, she said in an interaction at Stanford University. (Also read: Crypto Tax: How to report it while filing ITR, what will be taxed and what not? Expert answers)
"It will have to take its time...All of us to be sure that at least with a given available information, we're taking the decern decision. It can't be rushed through," she said.
The minister clarified that the government is open to promote innovation and well-grounded progress made in the distributed ledger technologies, which are coming in the blockchain.
"So, our intention is in no way to hurt this (innovation around crypto)...But (we need to) define for ourselves...," she said.
