In India, an effort to ban cryptocurrencies has reportedly been revived. What comes next?

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Quick Take

  • The Indian government is reportedly planning to bring a law to ban cryptocurrencies
  • The country’s finance ministry is said to be seeking inter-ministerial consultations on a “note” reportedly related to a crypto ban
  • Legal and regulatory experts told The Block that if discussions happen, the process would be long and take time 
  • Local crypto exchange operators appear to be less concerned about the news and are confident that the government would consult with relevant stakeholders prior to reaching a decision

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In India, an effort to ban cryptocurrencies has reportedly been revived. What comes next? written by Yogita Khatri @ https://www.theblockcrypto.com/daily/68133/india-crypto-ban-revived-report?utm_source=rss&utm_medium=rss June 12, 2020 Yogita Khatri

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