Shaktikanta Das, Secretary of Economic Affairs of India, who is currently a member of the 15th Finance Commission, in 1945 [them] effectively "as reported on March 12.

Das, retired officer of the Indian Administrative Service (IAS), has participated in the development of India's cryptocurrency regulations as a member of the Securities and Exchange Board of India (SEBI) and Reserve Bank of India (RBI). In April 2017,

According to Das, the main problem with cryptocurrencies is that they are not backed by any assets. In an interview with Quartz, Das unfavorably compared shares that represent the value of a real company to cryptocurrency assets that are " created out of vacuum " and " thin air . RBI is the only body that is legally allowed to issue currency in India,

effectively "and that is not way to regulate cryptocurrency" it is why it " should not be allowed at all ."

"Let us accept that it would not be possible to regulate it effectively. Because they will do transactions from their houses. You can not enter every home to check what transactions are going on. So, I think this is a serious challenge, and this should not be allowed at all. "

On the other hand, some experts from India believe that the cryptocurrency would be more problems . Anirudh Rastogi, the managing partner at the TRA law firm, said that it would be even more difficult for the government. (19459004) ", which, in turn, will" have an adverse impact [19459005ThegovernmentofIndiahastakenanegativestancetowardscryptocurrenciesinrecentmonthsOnFeb28cryptocurrencyexchangesBTCXIndiaandETHEXIndiahaltedtradingactivitiesreportedlyresultingfromgovernmentpressure

Back in 2017, India's Ministry of Finance claims that Bitcoin and the other digital currencies are "like Ponzi schemes" and warned investors high risks of getting involved in cryptocurrencies.