Indian Finance Minister Nirmala Sitharaman stated at a conference in Bengaluru that India supports blockchain.
But insisting that digital currencies should be regulated, blockchain gives us a lot of options and it can be used in many different ways.
So we’re not against the technology. But when it comes to virtual currencies, we think it has to be promoted by governments or central banks.
Otherwise, it could have huge spillovers around the world like those companies that have collapsed, just like FTX.