Jayant Sinha, a member of the parliament and chairman of the Parliamentary committee on finance, said that he will welcome regulations for cryptocurrency that will allow India to harness the power of the new technology. Speaking to CNBC-TV18, Sinha said that the parliamentary panel hosted various representatives of cryptocurrency exchanges in India earlier today but the panel did not form any view on the topic.
The meeting between the crypto industry and the panel came just days ahead of the winter session of the parliament where the government is reportedly looking to reintroduce a bill on cryptocurrency. “Regulatory framework will have to balance the opportunities and risks attached to cryptocurrencies,” Sinha told CNBC-TV18.
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