The “Cryptocurrency and Regulation of Official Digital Currency” bill aims to develop a framework for an official cryptocurrency from the Reserve Bank of India, in addition to clamping down on competing coins. The government is also expecting to classify cryptocurrency as an “asset” rather than a “currency.”
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India Parliament Considers Near-full Crypto Ban
India is likely to ban “all but a few private cryptocurrencies” via a newly introduced financial regulation bill. So reports Euronews.
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