Cryptocurrency News in India

CRYPTOCURRENCY WILL NEVER BE LEGAL TENDER India will not be making any crypto-asset as a legal tender. Only ‘Digital Rupee’ of the Reserve Bank will be a legal tender in India,” Somanathan said.

India To Ban Bitcoin, Ethereum And Other Cryptocurrencies . New Delhi: India is set to introduce a bill to ban private cryptocurrencies after the government announced that it will introducing a new financial regulation bill.

In all probability, the government will define these coins as private cryptocurrency. The most popular crypto coins like Bitcoin, Ether, Dogecoin and Shiba Inu are public , meaning all their transactions are completely transparent.

Now that India has pulled back from banning crypto , here’s how it plans to develop digital currency on its own terms.