In India, an effort to ban cryptocurrencies has reportedly been revived. What comes next?
June 12, 2020, 3:05PM EDT · 5 min read
- 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.
Subscribe to The Block News+ to
Unlock this Feature
Choose Your Plan
If you want to know more about what you get with a Membership, or you need help convincing your manager, we got you covered. You can find the details and learn more about the benefits by clicking the link below.