Indian Government Engages RBI to Discuss Cryptocurrency Regulation

ChainDD
ChainDD

Mar 21

摘要: The Indian government is discussing with the central bank the Reserve Bank of India (RBI) and the Indian Securities and Exchange Commission (SEBI) on the regulatory framework for cryptocurrencies.

According to News Bitcoin, the Indian government is discussing with the central bank, the Reserve Bank of India (RBI) and the Indian Securities and Exchange Commission (SEBI) on the regulatory framework for cryptocurrencies. In addition, the government is awaiting the outcome of another cryptocurrency case at the supreme court to make its final decision on crypto regulation.

According to reports, the Indian government is reportedly considering whether cryptocurrencies can be regulated by the Reserve Bank of India. However, the central bank is worried that the anonymous nature of cryptocurrencies may pose a threat to India’s banking system.

Furthermore, the government is reportedly waiting for the outcome of another cryptocurrency case at the supreme court, scheduled for April 27. The court is expected to hear a couple of writ petitions, one of which seeks to ban cryptocurrencies and declare them illegal while the other seeks to regulate them.

The petitions were filed in 2017 but the hearing has been postponed until now.

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