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In January, the Indian government introduced a bill that proposed a ban on cryptocurrencies, excluding a digital currency that the Reserve Bank of India plans to issue. However, the bill has not been passed and there is speculation as to whether there will be a blanket ban or if a more balanced approach will be taken to allow for cryptocurrencies, but with stricter rules. The government has also introduced new cryptocurrency disclosure rules which became effective April 1, signalling a path towards more regulatory oversight in the future.
IFLR is polling readers on whether a potential crypto ban will actually prevent investors from accessing the digital finance sector, or if a ban will be difficult to enforce. Let us know your thoughts by voting here now.
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