Indian Finance Minister: Studying a draft proposal to ban cryptocurrency

According to Bitcoin.com, the Indian Finance Minister recently spoke about the draft cryptocurrency bill and reported that her department is studying a proposal to ban cryptocurrency. Although she believes the report is “very futuristic and well thought out”, the encryption industry believes it is flawed and incomplete. On July 29, Nirmala Sitharaman, Minister of Finance and Corporate Affairs of India, spoke in an interview with the Economic Times about the cryptocurrency report and draft being studied by the Indian Ministry of Finance.