“There were views expressed that the option of a ban or prohibition should also be considered,” RBI governor Shaktikanta Das said over the weekend in Bengaluru.
G20 finance ministers and central bankers appeared to be in agreement on regulating crypto assets, with a complete ban also on the table. India has already proposed a joint technical paper by the International Monetary Fund (IMF) and the Switzerland-based Financial Stability Board during G20 meetings (FSB). According to a government statement, the purpose of this paper is to “synthesise the macroeconomic and regulatory perspectives of crypto-assets” in order to help formulate policies for the crypto space.
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