Today news
About the same in other media
India to regulate crypto, avoids outright ban
Reading now: 424
finextra.comThe note reportedly states that cryptocurrency will not be recognised as legal currency, and describes the currency as “cryptoassets”. These assets will be regulated by India’s markets watchdog, the Securities and Exchange Board of India (SEBI), and citizens will be required to declare their assets and refrain from keeping them on exchanges outside the country.
Individuals holding crypto will be given time to transfer their assets once the bill becomes law. Failing to transfer within the timeframe will lead to financial penalties.
Reports emerged in November that the Indian government was considering a bill that proposed creating an official digital currency while banning all private cryptocurrencies. Last week, Finance Minister Nirmala
. Read more on finextra.comAbout this in other media
9 in 10 urban Indians worry about savings not lasting through retirement: Study financialexpress.com /3 years ago
India's crypto ban bill could mean arrest and jail without a warrant or bail for violations euronews.com /3 years ago
Expect Robinhood clones to rise if India makes crypto an asset class 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.
