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Cryptocurrency News Today: PM Modi's Statement On Crypto Amid Final Preps For Regulation: 10 Facts
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ndtv.comPM Modi will take the final decision on the regulatory framework for crypto
"We must ... jointly shape global norms for emerging technologies like social media and cryptocurrencies so that they are used to empower democracy, not to undermine it," PM Modi said in a virtual summit hosted by US President Joe Biden
After initially planning to ban all private cryptocurrencies, the government announced that it will establish a regulatory framework, as part of the new crypto bill which will be introduced in the winter session of the Parliament.
However, crypto will not be recognised as currency or legal tender in India. The legislation's name has replaced the word "cryptocurrency" with "cryptoasset". The bill also seeks to minimise the financial
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