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24.11 - 20:15
India to soften position on regulating cryptos by taking ‘middle path’
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With cryptocurrency adoption showing no signs of stopping, India is reportedly leaning towards a neutral stance as far as regulation is concerned. This is interesting, especially since there were rumors that the winter session of the Indian parliament will see the cryptocurrency bill being introduced. However, recent reports suggest that its previous hardliner approach might be softening of late.
Since the crypto-industry has already captured a huge market share in the nation amounting to billions of dollars, placing a blanket ban would be detrimental for a huge number of investors. On the other hand, it is highly unlikely that a legal tender status would be awarded.
Hence, a “balanced” approach would have to be followed, according to a
Read more on ambcrypto.comAbout this in other media
Indian crypto investors press the sell button economictimes.indiatimes.com /2 years ago
India could ban private crypto and launch CBDC finextra.com /2 years ago
A Crypto Ban? The Bill Not Yet Final, Looks At Checks And Balances: Report ndtv.com /2 years ago
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