Monday, December 4, 2023

What does the Indian government’s opposition have to say about its crypto stance?

Adhir Ranjan Chowdhury, the leader of India’s main opposition party, Congress, recently spoke in the Indian Parliament. In his address, Chowdhury asked the Narendra Modi-led government to clarify its stance towards cryptocurrencies. This came following the hacking of the Prime Minister’s Twitter handle. During the period in which the handle was hacked, a message in support of Bitcoin was posted.

Chowdhury said that despite the intention of the Indian government to ban all private cryptocurrencies, a message in support of the world’s largest cryptocurrency appeared on the Prime Minister’s Twitter handle. That’s why Chowdhury asked for clarification and said that it’s important for the government to clear the air.

The Congress leader also questioned how safe the Twitter handles of everyday Indian citizens are if the handle of the Prime Minister can be hacked. This was the second time in two years that Prime Minister Narendra Modi’s Twitter handle had been compromised.

Right now, the winter session of the Parliament is ongoing, but the much-awaited crypto bill hasn’t been tabled. The bill has caused quite a controversy, as it seeks to prohibit all private cryptocurrencies in India. While crypto skeptics in the country are happy with the impending move, advocates have been critical of the government’s decision as the country’s crypto sector has grown rapidly in the last few years.

The government has constantly stated that it wants regulations enforced on cryptocurrencies to wipe out illegal activities that are carried out through cryptocurrency transactions. However, it has been positive in its stance towards the blockchain tech that serves as the building block of cryptocurrencies

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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