India may ban the listing and trading of cryptocurrencies without government approval

According to two sources familiar with the situation, India plans to strengthen the supervision of cryptocurrencies to prevent investors from holding cryptocurrencies, although the government is unlikely to implement previous plans to ban private digital currencies. Instead, only those products that have been pre-approved by the government will be allowed to be listed and traded on the exchange, which is a deliberately cumbersome process. The first source said: “Only coins can be traded after they have been approved by the government, otherwise the holding or trading may be punished.” It is reported that the government’s goal is to introduce and pass a cryptocurrency at the parliamentary meeting starting this month. Currency law. (Reuters)

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