Why India’s cryptocurrency ecosystem is glad it was ignored in the country’s budget ...Middle East

Economy by : (Quartz) -
India’s finance minister Nirmala Sitharaman completely ignored cryptocurrencies in her almost two-hour-long budget speech yesterday (Feb. 1). But instead of feeling left out, the country’s digital currency ecosystem is breathing a sigh of relief.The sense of respite comes because the Indian government is currently mulling a ban on cryptocurrencies, which some were anticipating might be announced as part of the budget.According to the Lok Sabha (lower house of parliament) bulletin last week, the Modi government plans to introduce a bill prohibiting all private cryptocurrencies in India and creating an official digital currency issued by the Reserve Bank of India (RBI).Read the rest of this st

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