A report in the Indian media says that the 2019 recommendation to ban cryptocurrency assets has become outdated.
Citing three sources privy of the discussions
The article says:
- prevailing view that the recommendations by a committee headed by former finance secretary Subhash Garg in 2019 for a blanket ban on these assets had become outdated
- new committee could explore the use of blockchain for technological enhancement, suggest ways to regulate cryptos as digital assets instead of a currency
- “There is a view within the government that the recommendations made by the Subhash Garg are dated and a fresh look is needed at use of cryptos rather than a total ban,” an official in the know of the matter said.
- discussions are at an early stage and no formal resolution has yet been passed.
Here is the article, there is more there.
Little respite for crypto here during the session, BTC barely off its lows:
