INSUBCONTINENT EXCLUSIVE:
The government is finalizing regulations for cryptocurrencies in IndiaCryptocurrencies should be treated as an asset or commodity in India
and governed by existing laws for exchanges, a former senior central bank official said in remarks that contrast the Reserve Bank of India's
could be used to pay for goods and services, R
Gandhi, former deputy governor at Reserve Bank of India, said during an event organized by the Internet and Mobile Association of India on
had proposed a ban on such trades, finalizes regulations for cryptocurrencies
Although the RBI has repeatedly voiced its concerns to the government over cryptocurrencies, trading in the assets surged to $6.6 billion in
May, compared with $923 million in April 2020, according to Chainalysis
