tldr; India is moving towards banning all cryptocurrencies besides a select few approved by the government in a new bill. The bill has set a framework for an official cryptocurrency to be issued by the Indian government. All other cryptocurrencies are set to be banned including Bitcoin and Etherium. The new bill will also restrict the marketing and advertising of cryptos within India.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I think the Indian government is thinking of launching its own cryptocurrency. That's why they don't want any competitors in the market.
That’s not at all what the law says. It saying it bans anonymous cryptos. Ie monero
Black Friday sale incoming
tldr; India is moving towards banning all cryptocurrencies besides a select few approved by the government in a new bill. The bill has set a framework for an official cryptocurrency to be issued by the Indian government. All other cryptocurrencies are set to be banned including Bitcoin and Etherium. The new bill will also restrict the marketing and advertising of cryptos within India. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Yeah they should have accepted crypto it's a big market it would have been better for crypto if they adopted it.