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Report reveals India may restrict exchange-to-exchange transfers, introduce crypto wallet
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India is set to soon introduce its revised crypto bill in the ongoing Winter Session of the Parliament. Meanwhile, there is a lot of chatter as to what that bill will incorporate. As per a local source-based report, the bill might restrict crypto exchange-to-exchange transfers.
Therefore, a blanket ban on trade among bourses is what some sources have revealed. Additionally, wallets that mask the owner’s identity and keep trades anonymous can face restrictions, as it allows the movement of cryptos beyond the ones listed by approved exchanges.
Having said that, an Economic Times report mentioned the possibility of a government-introduced crypto wallet, which will also help keep private wallet providers in check. It could be similar to an
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