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A Crypto Ban? The Bill Not Yet Final, Looks At Checks And Balances: Report
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ndtv.comThe uncertainty over crypto regulation triggered a sell-off on Wednesday (Representational)
India is considering a proposal to treat cryptocurrencies as a financial asset while safeguarding small investors, according to people familiar with the matter.
The discussions come as authorities race to finalize a bill the Centre wants to present to parliament in the session starting November 29. The legislation may stipulate a minimum amount for investments in digital currencies while banning their use as legal tender, the people said, asking not to be identified as no final decision has been taken.
Policy makers left themselves some wiggle room when they posted a description of the bill on parliament's website late Tuesday, by saying the bill seeks
Read more on ndtv.comAbout this in other media
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