Minister of state for finance Anurag Thakur said the government is very much open when it comes to digital currencies and that all options are being considered with an open mind.

The government is considering all options with an open mind when it comes to cryptocurrencies, and will make sure that the interests of investors are protected, Anurag Thakur, minister of state for finance, has said. The Union minister, however, raised concerns over the high volatility in digital assets.

The government is in the process of formulating a Bill on cryptocurrencies.

I think this is huge news for crypto community in India. This makes it clear that either government will not put blanket ban Or and investors will be given some time frame to liquidate their holdings.