{"id":241071,"date":"2019-10-21T09:33:23","date_gmt":"2019-10-21T13:33:23","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=241071"},"modified":"2019-10-21T09:33:23","modified_gmt":"2019-10-21T13:33:23","slug":"indian-finance-minister-confirms-cautious-approach-to-libra","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/indian-finance-minister-confirms-cautious-approach-to-libra","title":{"rendered":"Indian Finance Minister Confirms Cautious Approach to Libra\u00a0"},"content":{"rendered":"

India is a notorious anti-crypto country. However, according to its finance minister, the state is looking at the prospect of Facebook\u2019s Libra stablecoin launching within its borders with extreme caution.\u00a0<\/span>Last week, the 2019 edition of the Annual Meetings of the International Monetary Fund and the World Bank held in Washington, D.C. At the event, several policymakers and regulators met to discuss various issues relating to the global financial space, and the problem of Libra was also extensively touched on.\u00a0<\/span><\/p>\n

Mumbai is undecided<\/span><\/h2>\n

According to a\u00a0<\/span>report<\/span><\/a>\u00a0from local news medium The New India Times reported Nirmala Sitharaman, the Indian Finance Minister, spoke with reporters on the day and confirmed that the Indian government has mulled over allowing Libra to launch in the country, but just as it is with other nations, they are treading with extreme caution and examining the various ramifications of any decision made.<\/span><\/p>\n