Nirmala Sitharaman, the finance minister of India, said that reports of a blanket ban on cryptocurrencies are overstated. While negotiations are ongoing, she said she expects the end result to be more tempered in an interview with CNBC.
Source credit and full story - https://cointelegraph.com/news/no-crypto-ban-in-india-finance-minister-predicts-very-calibrated-stance
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