India May Have Cryptocurrency Market Regulation in Place by the End of 2018

Quartz India reports that after a lot of debate and confusion, the special panel created by the Finance Ministry of India at the end of the last year announced that it is ready to submit a draft regulation for cryptocurrency this December. The news comes via a counter-affidavit filed by the Narendra Modi government to the supreme court in relation to the lawsuit initiated by several of cryptocurrency exchanges.

The cryptocurrency industry in India has been waiting for clear guidance from lawmakers and regulators since April 2018, when the Reserve Bank of India (RBI) effectively banned cryptocurrency trading in the country and required local banks to stop operations with crypto-related companies. In response, Indian cryptocurrency exchanges …

This article appeared first on Cryptovest

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