The Indian government is going to ban cryptocurrencies as a payment method, though it can be held as an asset, people familiar with the matter told The Economic Times. The government plans to present a crypto bill in the upcoming winter session of Parliament. In addition, active solicitation by companies such as exchanges and platforms would also be banned, people with knowledge of the matter told ET. The forthcoming legislation is "being finalized" and will ensure regulation of crypto asset trading, as well as the banning the use of cryptos as a means of payment, a government source told ET. Still, "discussions on regulation are still going on," one person said. The legislation is also expected to address a taxation framework for the crypto space. In the meantime, Bitcoin (BTC-USD) manages to hold above $60K key level, up 1.3% in the past 24 hours. Previously, (Dec. 29) India likened cryptos to a
