As India’s authorities are advancing their work on new crypto-related legislation, a document released by the Indian government indicates that private cryptocurrencies will be regulated rather than banned, contrary to earlier suggestions.
A cabinet note on the proposed cryptocurrency bill says that cryptocurrencies will not be recognized as legal tender in India, but regulated as assets, as reported by local broadcaster New Delhi Television….
Read More: Indian Crypto Bill To Regulate, Not Ban ‘Private Cryptocurrencies’ – Report
