News > Crypto Industry Agrees To Be Regulated, But Government Needs To Engage Actively

Crypto Industry Agrees To Be Regulated, But Government Needs To Engage Actively

The cryptocurrency industry in India is welcoming regulation and willing to toe the line but expects more clarity that it won't be banned. The industry has been grappling with the possibility of an unprecedented cryptocurrency ban since finance Minister Nirmala Sitharaman said a few weeks ago that all private cryptocurrencies will be banned.

“If India bans crypto exchanges, we won't be able to participate in innovation. It is like banning the internet just because crimes happen,” experts said.