RBI wants crypto ban, govt needs global support for regulation: FM Sitharaman

While the Reserve Bank of India has made clear its view on digital assets, including cryptocurrency, which is a clear ban, the Indian government wants global cooperation on whether such a ban or prohibition should be enforced.

Responding to questions on cryptocurrencies in the Lok Sabha today, Finance Minister Nirmala Sitharaman said, “Cryptocurrencies are inherently unbounded and require international cooperation to avoid regulatory arbitrage.