Today news
About the same in other media
Government May Bar Crypto Transactions, Permit Holding As Assets: Report
Reading now: 686
ndtv.comIndia's digital currency market was worth $6.6 billion in May 2021, according to Chainalysis.
Mumbai: India is likely to bar the use of cryptocurrencies for transactions or making payments, but allow them to be held as assets like gold, shares or bonds, the Economic Times reported on Wednesday.
Citing sources familiar with the government's thinking, the newspaper said this approach would avoid implementing a complete ban, though the government was keen to stop crypto companies, including exchanges and platforms from actively trying to attract new investors.
The crypto community has made several representations to Indian authorities asking to be classified as an asset rather than as a currency, in order to gain acceptance and avoid a ban.
Prime
Read more on ndtv.comAbout this in other media
Difficult To Ban Cryptos Outright, Says Cryptocurrency Expert ndtv.com /2 years ago
Cryptocurrency exchange Coinstore enters India despite pending curbs on trade economictimes.indiatimes.com /2 years ago
Government's proposed cryptocurrency ban bill sparks meme fest on Twitter moneycontrol.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.
