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India may Launch Crypto Tokens for Financial Transactions



The Indian Government has the project to launch crypto tokens for financial transactions in the country.

Cryptocurrency regulations in India have been a source of uncertainty.

The Economic Affairs Secretary, Subhash Chandra Garg who heads the advisory study group affirms:

« The committee is studying the possibility of using cryptocurrencies or crypto technology for financial transactions and also what kind of regulations are needed for that. […] the currency is totally banned, the committee is discussing its other usage and how it can be mainstreamed in India »


© Image via Ministry of Finance India

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