The Indian government in its survey for a discussion paper has begun considering a crypto ban.
Officials had announced a release of a discussion paper for crypto regulations in September.
The cryptocurrency sector faces regulatory discrimination on a daily basis and combating them isn’t a novelty. However, certain huge shifts may take us by surprise at first sight. For instance, in July, the US SEC’s approval of the spot ETH ETFs was entirely unexpected until a week before the approval.
Similarly, recent news about the Indian government’s considering to ban cryptocurrency has baffled the community. According to a report from the Hindustan Times, several experts were consulted by the Indian government who suggested that the CBDC (Central Bank Digital Currency) could have more potential than private cryptocurrencies such as Bitcoin and Ethereum.
Further, they suggested that the Digital rupee, the Indian CBDC can leverage the advantages offered by the other crypto a
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