Hindu Nationalists In India Call for Crypto Regulations

A hardline Hindu nationalist group, which counted Prime Minister Narendra Modi as its member in the past, sought stringent regulations on digital currencies as the nation emerges as one of the fastest growing cryptocurrency markets.

“I have no idea which country regulates a currency like Bitcoin or if there are any rules governing them,” Mohan Bhagwat, chief of the Rashtriya Swayamsevak Sangh, said in his address at an annual event marking the Hindu festival of Dussehra. “The government has to ensure that it is regulated in the larger interest of the society.”