How does the Indian government regulate digital currencies?

1 answers

• Dec 15, 2021 · 3 years ago
  As an expert in the digital currency industry, I can say that the Indian government's regulations on digital currencies have had a significant impact on the market. The ban imposed by the RBI in 2018 created a lot of uncertainty and hindered the growth of the cryptocurrency ecosystem in India. However, the lifting of the ban by the Supreme Court in 2020 has provided a much-needed boost to the industry. The proposed bill to introduce a digital rupee also shows the government's willingness to explore the potential of blockchain technology. It will be interesting to see how these regulations shape the future of digital currencies in India.
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