The Indian government is considering regulations to allow crypto tokens for financial transactions, although the current ban on cryptocurrencies is “likely to continue”, local news outlet DNA India reported on Friday.
The finance ministry of India has set up a committee which is run by the secretary of the Department of Economic Affairs (DEA). The newly-created organization is reportedly working on a set of regulations and roadmap to allow certain crypto assets to be used in India. After being formulated, the draft will be sent to parliament for further approval.
"The committee is studying the possibility of using cryptocurrencies or crypto technology (distributed ledger technology) for financial transactions and also wh...
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