India's finance minister has cautioned investors about cryptocurrency as the Enforcement Directorate (ED) investigates a number of crypto exchanges. bitcoin $BTC
Indian Finance Minister Asks Crypto Investors to Exercise Caution as Authorities Investigate Exchanges
India’s finance minister has cautioned investors about cryptocurrency as the country’s Enforcement Directorate investigates a number of crypto exchanges and freezes the assets of some trading platforms.Indian Finance Minister Nirmala Sitharaman reportedly warned about cryptocurrency Saturday at an event organized by the BJP Economic Cell. She cautioned the public and entrepreneurs that cryptocurrency is not currency,The government has already warned.
Her statements came as India’s Enforcement Directorate probes cryptocurrency exchanges in relation to its money-laundering investigations. The law enforcement agency has frozen the assets of at least two cryptocurrency exchanges this month.
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