New proposal to ban crypto in India

India intends to completely ban cryptocurrency, according to a senior government source. In March, the Supreme Court of India cancelled an order from the Reserve Bank of India prohibiting financial institutions from servicing companies engaged in the cryptocurrency industry. Despite the legal thaw, the country’s Ministry of Finance issued a note for inter-ministerial consultations with a proposal to ban the circulation of digital assets in the country, FXStreet reported, citing a...