Today news
About the same in other media
Crypto companies, investors wait with bated breath as India moves to ban ‘private’ tokens
Reading now: 596
economictimes.indiatimes.comBitcoin and other leading cryptocurrencies plunged sharply on Indian exchanges after the government listed a bill to ban all “private” tokens. But entrepreneurs and investors are hopeful that things may not turn out to be too bad.
A government bulletin said the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, aimed to prohibit all private cryptocurrencies in India. However, it has allowed certain exceptions to promote the underlying technology of cryptocurrency and its uses.
This clause gives leeway for policymakers to allow certain tokens, some analysts said. This has kept the hopes of crypto entrepreneurs and investors alive.
Read more on economictimes.indiatimes.comAbout this in other media
The problem with the way regulators interpret financial privacy ambcrypto.com /2 years ago
Difficult To Ban Cryptos Outright, Says Cryptocurrency Expert ndtv.com /2 years ago
Cryptocurrency’s moment of truth has arrived in India economictimes.indiatimes.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.
