• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Indian Finance Minister Restores Hope For Crypto Lovers In The Country
Indian

Indian Finance Minister Restores Hope For Crypto Lovers In The Country

March 17, 2021 by Sahana Kiran

Indians were put on a spot after rumors regarding the ban of the crypto market in the country surfaced. Nevertheless, the Finance Minister of the country, Nirmala Sitharaman revealed that the Indian government does not plan on waging a ban on the entire crypto-verse.

Every Indian crypto lover was dreading the day the news about the country banning Bitcoin [BTC] along with other cryptocurrencies was made public. The legality of cryptocurrencies has been uncertain for quite a while now. While all the other countries laid out crypto-friendly laws amidst the crypto rally, the Indian government was working differently, Several crypto influencers warned the government suggesting that it would be missing out on several benefits that the crypto-verse holds.

Indian Govt To Open Up “Certain Windows” For Crypto Fans

In a recent interview, Sitharaman revealed that the government had no intention of completely halting any innovations pertaining to Bitcoin or blockchain technology. She pointed out that the cabinet note is still underway and is yet to be finalized. She stated,

“From our side, we are very clear that we are not shutting all options off. We will allow certain windows for people to use, so that experiments on the blockchain, Bitcoins, or cryptocurrency and fintech, which depend on such experiments, will have that window available for them. We are not going to shut it off.”

CBDCs have taken over the financial verse and with every country developing its own digital asset, India lined up too. While she affirmed that the country’s central bank, the Reserve Bank of India would take a call on the official cryptocurrency, the ban or the legality of the crypto industry is still under wraps.

Additionally, the crypto-verse was overwhelmed with the latest news. Nischal Shetty, the founder of the prominent Indian crypto exchange, WazirX shared a tweet expressing his joy after Sitharaman’s interview. Shetty has been urging the government to be more accepting towards crypto with the movement, “IndiaWantsCrypto” for quite a while now,

Shetty further tweeted,

There you go! #Bitcoin crypto will NOT be shut off.

CBDC does not mean shutting off other Crypto assets & utilities.

India, your time is here. Time to BUIDL and win 🚀

Thank you @nsitharaman ji, you’ve brought joy to this sector#IndiaWantsCryptopic.twitter.com/mySjPkoyt0

— Nischal (Shardeum) 🔼 (@NischalShetty) March 14, 2021

Filed Under: News, World Tagged With: India

Primary Sidebar

Recent Posts

  • Cryptocurrency Presale of the Year: Bitcoin Solaris Raises $5M as Investors Rush to Secure the Next Bitcoin Before Prices Soar June 22, 2025
  • Polygon Celebrates Enterprise Deals While Lightchain AI Celebrates Real Adoption From Builders June 22, 2025
  • SUI Loses Neckline Support: Analysts Warn of Further Downside June 22, 2025
  • Chainlink Comeback Possible? LINK Eyes Recovery Toward 0.0001576 BTC June 22, 2025
  • PEPE Shows Potential: Bullish Momentum Builds Toward $0.000016 Area June 22, 2025

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2025 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.