On Wednesday, Blockworks reported on language in a recent bill before India’s parliament that mentioned a ban of all “private cryptocurrency”. Local media in the country have now confirmed with their government sources that the government’s intent is something different. According to a local CNN Affiliate in-country, the government intends to regulate crypto and is primarily concerned with its use in the underground economy and terror financing. A wholesale ban is not in the works. {tweet} To do this, the government intends to not recognize crypto as tender and put in a comprehensive KYC/AML mechanism at the various ... (full story)