Today news
About the same in other media
24.11 - 20:15
India could bar transactions in crypto, permit holding as assets: Report
Reading now: 618
moneycontrol.comIndia 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 representations to Indian authorities asking to be classified as an asset rather than as a currency, in order to gain acceptance and avoid a ban.
India's Prime Minister Narendra Modi last week chaired a meeting to discuss the future of cryptocurrencies
Read more on moneycontrol.comAbout this in other media
India to ban private cryptocurrencies and launch official digital currency theguardian.com /3 years ago
India could ban private crypto and launch CBDC finextra.com /3 years ago
Dogecoin, Bitcoin crash up to 20% on domestic exchanges as India moves to ban cryptocurrencies economictimes.indiatimes.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
