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Crypto fans in India can breathe a bit easier, as the country's government looks ready to bring in regulation on trading, rather than impose an outright ban on digital currencies, as many had initially feared.
Lawmakers in India's lower house last week introduced a bill to prohibit «all private cryptocurrencies» in the country, except for some tokens with useful underlying technology.
Bitcoin prices slid on local exchanges, as crypto holders faced the prospect of their holdings becoming outlawed.
But the Indian government appears to be taking a less drastic tack, going by a cabinet note on the Lok Sabha bill cited by local media outlet NDTV.
The note said the proposed law should refer to «crypto assets» and not
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