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Meenakshi Lekhi, Indian Lawmaker Notes Crypto Must Be Banned When Used For Illegal Acts

Indian Minister of State for External Affairs Meenakshi Lekhi mentions how cryptocurrencies should be blocked. Of course, once it’s for illegal acts, harming or threatening India’s sovereignty and integrity.

Notably, Meenakshi Lekhi is also India’s current minister of state for culture.
Of course, from the election to the 16th Lok Sabha in May 2014 from the Bharatiya Janata Party (BJP). Also, She gets reelection to the 17th Lok Sabha in May 2019.

Furthermore, while Speaking at the sixth Global Technology Summit by the Ministry of External Affairs. Also, during Carnegie India last week, she was quoted by IANS publication.

More so, Meenakshi Lekhi says
“If cryptocurrency is going to be used to launch cyberattacks in India,…”
“to launch other attacks on India, to do other kinds of illegal and…”
“unethical work like drug trafficking, I need to stop all that.”

“I am sure the finance ministry and IT ministry would…”
“have looked deeply into these aspects,”

Then, Meenakshi Lekhi adds.

Additionally, Meenakshi Lekhi continues:
“The cryptocurrency platforms and exchanges are owned by a set of people…”
“who are trying to avoid tax, taking the money out of the country without giving…”
“”benefit to the country where they produce this wealth.”

Furthermore, the Indian government is considering making changes to the cryptocurrency bil. Which course, it’s in the current session of Lok Sabha, the lower house of India’s parliament.

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.