India Is Not Against Blockchain Technology, But Cryptocurrency Should Be Controlled
![](data:image/svg+xml;utf-8,<svg xmlns="http://www.w3.org/2000/svg" width="768" height="768" />)
1. Indian Finance Minister Nirmala Sitharaman stated that the country is not against blockchain technology, but believes that currencies should be controlled either by the government or the central bank.
2. The Central Bank of India has launched pilot trials for retail and wholesale of central bank digital currencies.
3. India is striving for a global consensus on the regulation of crypto assets and has announced the introduction of cryptocurrency and artificial intelligence training in certain school curricula.
4. Last year, India introduced a single tax on crypto income and penalties for non-calculation of taxes and compensation for losses in crypto trading.
5. India is the president of the Group of 20, which has included cryptocurrency and its regulation as one of the discussion agendas.
4 comments