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India could bar transactions in crypto, permit holding as assets: Report
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India is likely to bar the use of cryptocurrencies for transactions or making payments, but allow them to be held as assets like gold, shares or bonds, the Economic Times reported on Wednesday.
Citing sources familiar with the government's thinking, the newspaper said this approach would avoid implementing a complete ban, though the government was keen to stop crypto companies, including exchanges and platforms from actively trying to attract new investors.
The crypto community has made several
Read more on moneycontrol.comAbout this in other media
Indian Crypto Bill To Regulate, Not Ban 'Private Cryptocurrencies' - Report cryptonews.com /2 years ago
Securities regulator SEBI to oversee India’s crypto market, report reveals ambcrypto.com /2 years ago
Centre may bring cryptocurrency exchanges under ambit of Sebi: Report moneycontrol.com /2 years ago
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