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India's Soap Opera Continues: CBDC Plan, 'Private Crypto' Ban, Some Trading Maybe

source-logo  cryptonews.com 24 November 2021 06:07, UTC

The latest weeks have brought a number of signs that India’s government and parliament are not planning to ban bitcoin and similar cryptocurrencies.

During a meeting held on November 15, entitled 'CryptoFinance: Opportunities and Challenges', Indian MPs met with representatives of major exchanges, the Blockchain and Crypto Assets Council (BACC), and other industry insiders for the first time ever, and concluded that crypto cannot be stopped, but should be regulated. 

Meanwhile, government sources that are involved in the legislative works have also vowed that "progressive" and "forward looking" steps would be made in the field of crypto regulation as the industry asked for the Indian authorities to treat cryptocurrencies as special class assets.

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Learn more:

- India To Define Crypto As Asset, Ban Payments, and Ads - Report
- Crypto Can't be Stopped, but Must be Regulated, Indian Lawmakers Conclude

- Digital Rupee Trial, No Tech to Implement Crypto Travel Rule + More News
- India’s Crypto Market is More ‘Mature’ Than Vietnam’s and Pakistan’s - Chainalysis

- Latest Episode of India’s Crypto Ban Soap Draws Decidedly Mixed Reviews
- Indian Crypto Players Want Bigger Role In Shaping Regulation As Ban Is Less Likely

- India’s Crypto Community Fights Back As Ban Bill Turns Into Tiresome Soap Opera
- What Effect Could an Indian Ban Have on the Global Crypto Industry?

- India's Crypto Ban to 'Get Thrashed', while Unocoin Gains 100s of Users Daily
- New Crypto Unicorn is Born in India, Backed by a16z and Coinbase
 

cryptonews.com