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India ‘Not in Favor’ of Banning Cryptocurrency (Reports)

  • Published on: Jun 13, 2018 - 9:06 AM
  • Source: Bitcoinist

India ‘Not in Favor’ of Banning Cryptocurrency (Reports)The Indian government is reportedly “not in favor” of banning cryptocurrency, new sources claim June 13. Gov’t vs. Central Bank Citing local financial company Cogencis, local news media outlet Economic Times said a dedicated panel studying cryptocurrency “may suggest allowing cryptocurrency,” but with undisclosed “riders” – or provisos – about its usage. If true, the perspective puts the government increasingly at odds with India’s central bank, which in April demanded banks halt interaction with cryptocurrency entities. Those affected will challenge that decision at the …

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