According to reports from local media, the Indian government will not move for an outright ban on crypto and will instead regulate the sector.
On Nov. 23, Cointelegraph reported that the Indian government was considering a bill proposing the creation of an official digital currency while imposing a ban on all “private” cryptocurrencies.
The news sparked panic selling on local crypto exchange WazirX the following day, and the vague wording on the bill and lack of clarification from the government
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