Nothing Outlaws Crypto in India if Legal Procedures Are Followed, Says Government Official

Nothing Outlaws Crypto in India if Legal Procedures Are Followed, Says Government Official


An Indian government official says that there is currently nothing that outlaws crypto in India “as long as you follow the legal process.” Meanwhile, the country’s central bank, the Reserve Bank of India (RBI), has stressed that “cryptocurrency does not have any underlying value.”

Indian Government Official on Crypto

Indian government official Rajeev Chandrasekhar talked about cryptocurrency Thursday at an event in Bengaluru. Chandrasekhar currently serves as both India’s Minister of State for Electronics and Information Technology and Minister of State for Skill Development and Entrepreneurship. He is also a member of Rajya Sabha, the upper house of parliament.

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He explained that India has no issue with cryptocurrencies if all laws are followed, Reuters reported, quoting him as saying:

There is nothing today that outlaws

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