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All Private Cryptocurrency Will Be Regulated, Not Banned: Sources
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The note also says that crypto will not be recognised as legal currency in India.
A Cabinet note circulated by the government on the proposed cryptocurrency bill has suggested regulation of private cryptocurrency rather than banning it. The note also says that crypto will not be recognised as legal currency in India. Further, the legislation describes Cryptocurrency as Cryptoasset, according to the note.
Read more on ndtv.comAbout this in other media
India misinterpreted private crypto ban, says crypto bill creator cointelegraph.com /3 years ago
Cryptocurrency exchange Coinstore enters India despite pending curbs on trade economictimes.indiatimes.com /3 years ago
Is a ban even possible on private cryptocurrencies? moneycontrol.com /3 years ago
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