India’s central authorities are considering the imposition of a ban on cryptocurrency, according to a press release published by the central government’s Press Information Bureau (PIB) on Tuesday. The plan includes the prohibition of “private” virtual coins while at the same time encouraging the use of their underlying blockchain technology.
The PIB’s press release covered the outcomes of the nineteenth meeting of Financial Stability and Development Council (FSDC), chaired by the Finance Minister Shri Arun Jaitley. The main focus of discussion was the international and domestic situation and financial sector performance.
Moreover, one of the meeting’s topics was High-level Committee “deliberations” led by Economic Secretary Shri Subhash Chandra Garg to out...
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