The Centre has put to rest fears of a complete crackdown on cryptocurrency as a special note from the Union Cabinet on the proposed bill specifies regulation and not a complete ban, NDTV reported.The Centre has put to rest fears of a complete crackdown on cryptocurrency as a special note from the Union Cabinet on the proposed bill specifies regulation and not a complete ban, NDTV reported.According to NDTV, that has access to the note, cryptocurrency will be described as crypto-asset and will not be recognised as legal currency.
These crypto-assets will be regulated by the Securities and Exchange Board of India (SEBI), said the report.According to NDTV, that has access to the note, cryptocurrency will be described as crypto-asset and will
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