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What India's Likely To Allow - And Rule Out - For Crypto: 10 Facts
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ndtv.comIndia has had a hot-and-cold relationship with digital currencies in the past few years.
The Centre may 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.
The report, citing sources, stated that the approach would avoid implementing a complete ban as the government was keen to stop crypto companies, including exchanges and platforms, from actively trying to attract new investors.
The Securities and Exchange Board of India (SEBI) could be designated as the regulator, though that has not been finalised, the report further mentioned.
The crypto community has made several representations to Indian authorities asking to be
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