There is currently nothing that outlaws crypto in India 'as long as you follow the legal process,' says the IT minister. cryptocurrency bitcoin RBI
Nothing Outlaws Crypto in India if Legal Procedures Are Followed, Says Government Official
An Indian government official says that there is currently nothing that outlaws crypto in India “as long as you follow the legal process.” Meanwhile, the country’s central bank, the Reserve Bank of India , has stressed that “cryptocurrency does not have any underlying value.”Indian government official Rajeev Chandrasekhar talked about cryptocurrency Thursday at an event in Bengaluru.
He explained that India has no issue with cryptocurrencies if all laws are followed, Reuters reported, quoting him as saying:The Indian governmenta regulatory framework for cryptocurrency. In December last year, the government told parliament that crypto legislation “can be effective only with significant international collaboration.
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