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Here's a look at the regulatory journey of cryptocurrencies in India
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cnbctv18.comThe first time Indian regulators took notice of cryptos was back in 2013 in the RBI's Financial Stability Report. At that time, RBI had said the bank would want to investigate the risks posed by virtual currencies.In April 2017, the union finance ministry constituted an inter-disciplinary committee and by July 2017 the committee had suggested that a clear warning should be issued to stop holding and trading of virtual currencies.In December 2017, a fresh warning was issued by RBI and the finance ministry clarifying that virtual currencies are not legal tender.
Read more on cnbctv18.comAbout this in other media
How cryptocurrency has already divided top Indian policymakers cnbctv18.com /2 years ago
India: Govt. to target chit funds, MLM-like crypto-investment schemes ambcrypto.com /2 years ago
Singaporean crypto exchange enters India amid regulatory uncertainty cointelegraph.com /2 years ago
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