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24.11 - 20:15
India is planning to tighten crypto regulation to deter trading in a new clampdown - sources
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euronews.comIndia plans to tighten regulation of cryptocurrencies to deter investors from holding them though the government is unlikely to follow through with an earlier plan to ban private digital coins, according to two sources familiar with the discussions.
Instead, it could allow only those that have been pre-approved by the government to be listed and traded on exchanges - an intentionally cumbersome process, said the sources, who asked not to be named as the discussions are private.
"Only when a coin has been approved by the government can it be traded, else holding or trading it in may attract a penalty," said the first source.
The Indian government aims to introduce and pass a cryptocurrency law in the parliamentary session that begins this
Read more on euronews.comAbout this in other media
India to consider allowing crypto trading for some investors economictimes.indiatimes.com /2 years ago
India could ban private crypto and launch CBDC finextra.com /2 years ago
India's Soap Opera Continues: CBDC Plan, 'Private Crypto' Ban, Some Trading Maybe cryptonews.com /2 years ago
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