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India might permit crypto as assets, zero out the currency factor
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ambcrypto.comIndia’s crypto scene has been catching momentum, of late. This has followed after the government offered some clarity on its stance. The crucial meeting on 15 November yielded a positive result for crypto enthusiasts in India. Consequently, the talks of crypto regulation aired, and the fear of a blanket ban on crypto was ruled out. However, it was also made clear that cryptos will not be accepted as legal tender in any case.
Further, as per reports, the government is planning to make cryptocurrencies available as an asset. Just like shares, gold, or bonds. Any active solicitation by companies including exchanges and platforms would be barred. A source on the condition of anonymity said,
“Active solicitation would not be permitted… Details of
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