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Cryptocurrency Legislation news: All You Need To Know About Cryptocurrency Legislation
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ndtv.comThe government wants to ban all private cryptocurrencies, with some exceptions, to pave the way for a digital money controlled by the central bank. But this may not be as drastic as it sounds.
The details of the planned legislation remain unclear, leaving cryptocurrency investors hoping they will by-and-large still be able to trade in what has become a booming sector in India.
How big are cryptos in India?
The market has boomed since the Supreme Court overturned a previous ban last year, exploding more than 600 per cent over the past 12 months according to research by Chainalysis.
Between 15 and 20 million people in Asia's third-largest economy are estimated to own cryptocurrencies, according to industry body the Blockchain and Crypto Assets
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