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India’s Government to Regulate, Not Ban Crypto
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 ... (full story)