India sows confusion with plan to ban 'private cryptocurrencies'
CNN
India is flirting with a ban on cryptocurrencies.
Prime Minister Narendra Modi's government on Tuesday said that it is preparing to introduce a bill that would regulate digital currencies.
There's still much that's unknown about the proposal. A cryptically worded description of the bill posted on the Indian parliament website outlined a plan to "prohibit all private cryptocurrencies in India." But the bill also says it would allow for "certain exceptions to promote the underlying technology of cryptocurrency and its uses."
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