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06.12 - 14:09
India to tighten crypto regulations, may allow only ‘pre-approved’ crypto tokens
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ambcrypto.comCryptocurrencies have the potential to disrupt human life as we know it. It has evolved as a strong asset class while making giant strides towards becoming a designated “currency.”
Institutions, even countries, want to dig deep to capitalize on this asset class. India, with a population of 1.39 billion is riding the same wave as other regions across the globe, however, there is no certainty of a smooth sail.
In the latest development, the Indian government plans to lay down some strict regulations concerning the rising demand for crypto tokens. Apart fromBitcoin, Ethereum, or other known tokens, other shitcoins have surfaced this year. Ergo, giving rise to speculations and FUDs.
This could be one of the reasons why India wants to tighten
Read more on ambcrypto.comAbout this in other media
"Lot Of Unhealthy Speculation On Cryptocurrency Taking Place": Finance Minister Nirmala Sitharaman ndtv.com /2 years ago
"Defining Moment For Cryto Startup Community In India": Analysts Remain Optimistic On India's Crypto Bill ndtv.com /2 years ago
Crypto regulation needs collective efforts: FM economictimes.indiatimes.com /2 years ago
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