India to ban private cryptocurrencies and launch official digital currency

Proposed legislation follows warning from India PM and crackdown in China

The Indian government is preparing to ban private cryptocurrencies and allow the country’s central bank to launch an official digital currency.

The proposed legislation follows a crackdown on cryptocurrencies in China, where financial regulators and the central bank have made all digital currency transactions illegal.

Continue reading…
Proposed legislation follows warning from India PM and crackdown in China
The Indian government is preparing to ban private cryptocurrencies and allow the country’s central bank to launch an official digital currency.
The proposed legislation follows a crackdown on cryptocurrencies in China, where financial regulators and the central bank have made all digital currency transactions illegal. Continue reading…Technology | The Guardian

Leave a Comment

Your email address will not be published. Required fields are marked *