Today news
About the same in other media
India unlikely to take a tough stance on cryptocurrencies
Reading now: 148
economictimes.indiatimes.comIndia is considering a middle path on cryptocurrencies, as it finalises legislation on the virtual asset to be introduced in the upcoming winter session of Parliament. The hard-line stance for an outright ban of cryptos is not being found feasible in view of large investments in such instruments by Indians, and these unregulated virtual currencies are also unlikely to be allowed as a legal tender, said a government source. «A balance has to be found,» the person said, adding that a final call on the contours of the law will be taken shortly. «A middle path that balances the concerns of all stakeholders is more likely.»
Presented ByDid you Know?
Indians' investments in crypto grew from about $200 million to nearly $40 billion in the past year
Read more on economictimes.indiatimes.comAbout this in other media
Cryptocurrency Prices Today: Crypto Prices Crash After Government Announces Ban On Private Crypto Coins In Winter Session's Bill ndtv.com /2 years ago
Indian parliament's agenda for winter session includes bill on banning 'private cryptocurrencies' cointelegraph.com /2 years ago
India to ban almost all private cryptocurrencies including Bitcoin in new clampdown euronews.com /2 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.
