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Cryptocurrency regulation: Govt considering allowing trading for some investors, says report
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cnbctv18.comThe government is considering a proposal to classify cryptocurrencies as a financial asset while protecting small investors, BloombergQuint reported, citing people familiar with the matter.According to the report, the bill for the regulation of cryptocurrencies is likely to specify a minimum amount for investments in digital currencies. It added that use as legal tender is likely to be banned.As the report says, policymakers, while posting a description of the bill on Parliament’s website late on Tuesday, left some "wiggle room" to include a provision allowing a certain amount of investment in cryptocurrencies.
Read more on cnbctv18.comAbout this in other media
Cryptocurrency is here to stay, says Paytm founder Vijay Shekhar Sharma economictimes.indiatimes.com /3 years ago
India to consider allowing crypto trading for some investors economictimes.indiatimes.com /3 years ago
Explained: RBI’s concerns and systemic problems on cryptocurrencies cnbctv18.com /3 years ago
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