05-19-2021, 11:32 AM
Good News: India is not going to ban cryptocurrencies!
<!-- SC_OFF --><div class="md"><p>After months of FUD and even that one guy who sold all his holding because he thought he was going to jail, India is finally taking a stance of not banning cryptocurrencies and will instead regulate it!</p> <p>Nischall Shetty, Co-founder of WazirX, tweeted today about the details of how India is going to proceed with regulating cryptocurrencies. They will be forming a separate committee to discus this and will include major crypto leaders in regulation process.</p> <p>Here are the key points for anyone interested:</p> <ol> <li><p>Crypto classified as “Digital Assets” </p></li> <li><p>Committee core is to “Regulate” Crypto </p></li> <li><p>Government understands crypto is cutting edge, 2019 Bill outdated </p></li> <li><p>Government wants to engage with industry </p></li> <li><p>FinMin monitoring Crypto volumes in country </p></li> <li><p>FinMin engaging with stakeholders to understand all supervisory risks</p> <ol> <li>Fresh panel to be formed </li> </ol></li> <li><p>RBIs CBDC initiative to get a boost as well </p></li> <li><p>Mr. Anurag Thakur might be part of the committee!</p></li> </ol> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/CarbonatedInsidious"> /u/CarbonatedInsidious </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nftzj6/good_news_india_is_not_going_to_ban/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nftzj6/good_news_india_is_not_going_to_ban/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>After months of FUD and even that one guy who sold all his holding because he thought he was going to jail, India is finally taking a stance of not banning cryptocurrencies and will instead regulate it!</p> <p>Nischall Shetty, Co-founder of WazirX, tweeted today about the details of how India is going to proceed with regulating cryptocurrencies. They will be forming a separate committee to discus this and will include major crypto leaders in regulation process.</p> <p>Here are the key points for anyone interested:</p> <ol> <li><p>Crypto classified as “Digital Assets” </p></li> <li><p>Committee core is to “Regulate” Crypto </p></li> <li><p>Government understands crypto is cutting edge, 2019 Bill outdated </p></li> <li><p>Government wants to engage with industry </p></li> <li><p>FinMin monitoring Crypto volumes in country </p></li> <li><p>FinMin engaging with stakeholders to understand all supervisory risks</p> <ol> <li>Fresh panel to be formed </li> </ol></li> <li><p>RBIs CBDC initiative to get a boost as well </p></li> <li><p>Mr. Anurag Thakur might be part of the committee!</p></li> </ol> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/CarbonatedInsidious"> /u/CarbonatedInsidious </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nftzj6/good_news_india_is_not_going_to_ban/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nftzj6/good_news_india_is_not_going_to_ban/">[comments]</a></span>Kind Regards R