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All You Need To Know About Cryptocurrency Legislation

All You Need To Know About Cryptocurrency Legislation

NDTV
Thursday, November 25, 2021 05:03:44 AM UTC

The details of the planned legislation remain unclear, leaving cryptocurrency investors hoping they will by-and-large still be able to trade in what has become a booming sector in India.

The government wants to ban all private cryptocurrencies, with some exceptions, to pave the way for a digital money controlled by the central bank. But this may not be as drastic as it sounds.

The details of the planned legislation remain unclear, leaving cryptocurrency investors hoping they will by-and-large still be able to trade in what has become a booming sector in India.

How big are cryptos in India?

The market has boomed since the Supreme Court overturned a previous ban last year, exploding more than 600 per cent over the past 12 months according to research by Chainalysis.

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