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India's Soap Opera Continues: CBDC Plan, 'Private Crypto' Ban, Some Trading Maybe

Adding to the uncertainties surrounding the future of cryptocurrencies in India, the country’s government has released a description of a forthcoming legislative proposal that would prohibit private crypto and would allo...

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India's Soap Opera Continues: CBDC Plan, 'Private Crypto' Ban, Some Trading Maybe
Adding to the uncertainties surrounding the future of cryptocurrencies in India, the country’s government has released a description of a forthcoming legislative proposal that would prohibit private crypto and would allow the Reserve Bank of India (RBI), the country’s central bank, to create its central bank digital currency (CBDC). Also, some crypto trading may be permitted. ...
Read More: India's Soap Opera Continues: CBDC Plan, 'Private Crypto' Ban, Some Trading Maybe

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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