Indian media report India may allow crypto as an asset but not as a currency

Author: Eamonn Sheridan | Category: Cryptocurrency

India's Economic Times with the info on cryptocurrencies

  • They may not be permitted as currency to settle transactions and make payments but could be held as an asset like shares, gold or bonds.
  • Active solicitation by companies including exchanges and platforms would be barred
  •  legislation that's in the works could be taken to the cabinet for consideration in the next two to three weeks
Eco Times citing "people with knowledge of the matter:. 



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