25 Jul Indian Bureaucrat Who Favored Bitcoin Regulation Quits Finance Ministry |
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The bureaucrat who favored the creation of a bitcoin regulatory framework in India quitted the Ministry of Finance on Wednesday.
IAS Subhash Chandra Garg, who served as the Economic Affairs Secretary and Finance Secretary of India, accepted transfer order to the Ministry of Power. A day later, Garg applied for voluntary retirement from service with effect from October 31.
Handed over charge of Economic Affairs today. Learnt so much in the Finance Ministry and Economic Affairs Dept. Will take charge in Power Ministry tomorrow. Have also applied for Voluntary Retirement from the IAS with effect from 31st October. Last tweet from this handle.
— Subhash Chandra Garg (@SecretaryDEA) July 25, 2019
Garg’s transfer came days after Business Standard reported that he was in favor of regulating bitcoin in India. The bureaucrat considered the cryptocurrency as an “economical phenomenon,” and believed its regulation would yield great results for the Indian technology and finance sector.
His…
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