Today news
About the same in other media
India’s business, finance biggies appear divided over crypto utility
Reading now: 757
ambcrypto.comOne of the main FUDs revolving around the digital asset industry recently has been India’s supposed intention to ban private cryptocurrencies. While rumors of a complete ban have somewhat been rejected by the government, officials in the country still don’t seem completely sold on the idea of legalizing cryptocurrencies.
During an interview with the Economic Times, the government’s former Chief Economic Advisor KV Subramaniam commented that the first step towards regulation would be distinguishing “between crypto as an asset and crypto as a currency.”
He further laid out the issues with officiating cryptocurrencies in either of those forms. The problem with crypto being a currency is its lack of sovereign origination or backing, according to
Read more on ambcrypto.comAbout this in other media
India is said to consider capital markets regulator for crypto economictimes.indiatimes.com /2 years ago
Government mulls over giving deadline to declare crypto assets: Report moneycontrol.com /2 years ago
Crypto bill to give power to Sebi, RBI, taxman to scrutinise KYC data of exchanges economictimes.indiatimes.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
