The Indian government is reportedly forming a group to regulate cryptocurrencies, moving away from a blanket ban
The Indian government is in the process of rethinking India’s blanket ban on cryptocurrencies, according to a report by The Economic Times.
One government official with knowledge of the matter claims that the aforementioned ban needs “a fresh look”:
There is a view within the government that the recommendations made by Subhash Garg are dated and a fresh look is needed at use of cryptos rather than a total ban.
While the composition of the crypto panel remains unknown, the report states that it may include Anurag Thakur, India’s finance and corporate affairs minister.