• India revisits crypto ban
    Asia & Australia,  Commentary,  Cryptocurrencies,  Politics,  Regulation

    India May Ban Cryptocurrency Payments

    The threat of decentralization scares the country’s central bank

    India’s Parliament is soon to enter winter session, and many legislators are pushing for the banning of cryptocurrency as a form of payment, but Indian investors could still buy and sell it as an asset. The government is also currently working on a bill that would ban advertising by crypto firms within the country. This would include any platform or exchange on which you could buy or sell cryptocurrency. The Reserve Bank of India, the central bank of the country, is aiding in pushing much of this crypto reform.. They have held numerous closed door meetings in the past few weeks with the government about how to address this issue. …