Quote from: avikz on Today at 02:45:28 PM

Quote from: KryptoKings on April 12, 2021, 07:20:15 PM

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.

AIMA is trying their best to ensure that government doesn't impose a blanket ban on cryptos in India. The crypto ecosystem in India has grown in size since last few years and imposing a blanket ban would completely destroy the ecosystem. Hopefully the fat brains sitting in high government posts have finally understand the implications.

But again, the current government is very good in distracting the mind of the public. So blindly trusting the government can bring disastrous disappointment.

The crypto industry is booming in india day by day and Indian government sure understand about crypto industry as how others top countries are adopting, so Indian government also going to same in upcoming days.