Will India regulate crypto & not ban it?

The exchanges are pushing for a regulatory sandbox to fine-tune the regulations, according to the report. The Securities and Exchange Board of India could be designated as the regulator, but no “final call” has been taken on this issue, the report added. Read more: India Likely to Regulate Crypto, Not Ban It, in Upcoming Budget: Report

Will cryptocurrencies be banned in India?

MUMBAI, Dec 7 (Reuters) - Proposed legislation that would ban the use of cryptocurrencies as a method of payment in India also seeks to make those who infringe the law subject to arrest without a warrant and being held without bail, according to a source and a summary of the bill seen by Reuters.

Will RBI ban cryptocurrencies in India?

The planned legislation aims "to create a facilitative framework for the creation of the official digital currency to be issued by the Reserve Bank of India (RBI)". The plan to prohibit all private cryptocurrencies appeared to be essentially the same as an earlier draft of the bill submitted in January.