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After El Salvador, India may move to classify Bitcoin as an asset class

From newindianexpress.com

After El Salvador’s historic move to adopt Bitcoin as legal tender (rendering it full currency status), things are looking brighter back home in India for crypto-enthusiasts. Top sources tracking the industry told this publication that the government has moved away from its earlier hostile stance towards virtual currencies and will most likely classify Bitcoin as an asset class in India soon. Market regulator Securities and Exchange Board of India (SEBI) will oversee regulations for the cyptocurrency sector after Bitcoin’s classification as an asset class, sources added. India’s crypto industry is also in talks with ... (full story)

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  • Category: Fundamental Analysis