Indian Trade Association ‘NASSCOM’ Clarifies Its Position on Cryptocurrency-3.18

NASSCOM released a statement on Thursday clarifying its stance on cryptocurrency. Recent media reports have quoted the trade association as calling cryptocurrency “illegal.” In response to these reports, NASSCOM has come out to say that it only re-stated the RBI’s stance on cryptocurrency.

Through a tweet on its official Twitter page, NASSCOM addressed recent news articles that quoted it as calling cryptocurrency illegal.  According to the tweet, NASSCOM did not make such a statement, but rather re-stated the Reserve Bank of India’s policy concerning cryptocurrency.

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