News+

In India, an effort to ban cryptocurrencies has reportedly been revived. What comes next?

Quick Take

  • The Indian government is reportedly planning to bring a law to ban cryptocurrencies
  • The country’s finance ministry is said to be seeking inter-ministerial consultations on a “note” reportedly related to a crypto ban
  • Legal and regulatory experts told The Block that if discussions happen, the process would be long and take time 
  • Local crypto exchange operators appear to be less concerned about the news and are confident that the government would consult with relevant stakeholders prior to reaching a decision
The Indian government is reportedly planning to bring a law to ban cryptocurrencies. Legal and regulatory experts told The Block that if discussions were to proceed, it would result in months of deliberation.

You must login to read this content

Asia
Cryptocurrency

Trending Stories

More
websights