Quartz reports that the Indian government is set to lay out a draft of its regulations for cryptocurrencies next month – clarifying its stance on how these digital assets can be used and traded in the country. A panel set up by the finance ministry a year ago is expected to issue a draft report and bill on “virtual currencies, use of distributed ledger technology in (the) financial system and framework for digital currency in India,” noted the country’s ruling party in a counter-affidavit in a Supreme Court case filed by domestic cryptocurrency exchanges which have accused the government of…
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India to spell out draft cryptocurrency regulations in December
Source: The Next Web
