TheBlock
2020-06-12 19:05:26

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

Quick TakeThe Indian government is reportedly planning to bring a law to ban cryptocurrenciesThe country’s finance ministry is said to be seeking inter-ministerial consultations on a “note” reportedly related to a crypto banLegal 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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