Govt to Take Balanced View on Crypto: Sanyal

The government will take a balanced view on the issue of regulation of cryptocurrencies as they have implications on the country’s financial stability, principal economic adviser Sanjeev Sanyal said on Monday. India has not framed any specific regulations or clamped a ban on use of cryptocurrency. The issue of cryptocurrency has not been covered in the Economic Survey 2021-22 Sanyal said in an interaction with the media on the survey tabled in Parliament by finance minister Nirmala Sitharaman earlier in the day.

“As you know, this is a matter of some debate, both inside the government, in the Ministry of Finance and even in Parliament. So, this is something that is currently in discussion,” he said. S-ET

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