India’s Third Consecutive PM Modi Retains Finance Minister, Crypto-Friendly Approach to Continue? Exchanges React: https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1718272776661-YAKIHONNES3.jpg 
Narendra Modi has once again sworn in as India’s Prime Minister for the third-term on Sunday with coalition allies. The PM has re-appointed Nirmala Sitharaman as the country’s finance minister, which gains mixed reactions from the nation’s crypto community.

Sitharaman emphasized the importance of international cooperation in crypto policies, however, also noted that they cannot function as currencies.

One good thing was Indian government prioritized framing a crypto policy last year with global consensus, during its presidency of the G20 nations. Additionally, PM Modi also stressed on a need for a global framework on cryptocurrencies during the B20 Summit India 2023.