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Report recommends regulating not banning ‘flourishing’ crypto industry in India

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India is the second biggest crypto market in terms of global adoption, with an estimated investment of INR 6.6 billion in the asset class.

Unsurprisingly, reports of a likely private crypto ban caused market mayhem in the country last week. However, Subhash Garg, the former finance secretary who drafted the Crypto Bill, called the bill’s description mentioning the ban, “a mistake.”In a recent report, Observer Research Foundation also recommended that India should consider regulating

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