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All Private Cryptocurrency Will Be Regulated, Not Banned: Sources in India. India FUD is ending

All Private Cryptocurrency Will Be Regulated, Not Banned: Sources in India. India FUD is ending



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6 Comments

  1. >Cryptoassets will be dealt with the existing crypto exchange platforms
    which will be regulated by Securities and Exchange Board of India
    (SEBI). **A cut-off date will be prescribed for those having cryptoassets**
    **to declare the same and bring under the crypto exchange platforms** –
    which will be regulated by the market regulator.

    They are saying it would be mandatory to store BTC on an exchange ?? wtf!

  2. tldr; A Cabinet note circulated by the government on the proposed cryptocurrency bill has suggested regulation of private cryptocurrency rather than banning it. Further, the legislation describes Cryptocurrency as Cryptoasset, according to the note. The proposed virtual currency by the Reserve Bank of India (RBI) has not been clubbed with the new crypto bill.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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