There is another “code ban”, which turns out to be temporary food.
In an interview with CNBC this morning, Indian Finance Minister Nirmala Sitharaman said reports of a complete ban on cryptocurrencies were exaggerated. During the negotiations, she said that she expected the end result to be more moderate:
“Yes, there are a lot of negotiations and discussions with the reserve bank,” Sitraman said. “It is obvious that Reserve Bank will have the power to decide how to plan, what informal currencies and cryptocurrencies are and how they should be regulated. But we also want to make sure that there is a window for all kinds of experiments that need to be done in the cryptocurrency world. ”
She further stated that the rules will not be as “strict” as previously reported. You want to “look inward” and take a “very calculating” attitude, as opposed to “mixed messages from around the world.”
“The world is evolving rapidly with technology. We can not pretend we do not want this. […] I can only give you one proof: we do not close our minds, we are definitely looking for ways experiments can be performed in the digital world, in cryptocurrency. Etc. ”
Without a doubt, the comments received from Sitharaman are a relief for crypto companies, users and scammers in the world’s second most populous country. Earlier this month, a Bloomberg report, citing a senior Indian finance minister, said the country would ban all cryptocurrencies.
The virtual ban received widespread criticism from the entire crypto community, with some comparing it to an attempt to block the Internet. However, some companies considered the reports to be warmer, and the development of incidents continued by leaps and bounds.