Govt’s draft bill intends to restrict certain aspects of crypto asset usage: Report

India-cryptocurrency-legal
  • The crypto bill is likely to be presented to the cabinet for approval next week, following which it will be introduced in Parliament.
  • As per the sources, the draft bill proposes crypto assets to be regulated as a commodity by the Securities and Exchange Board of India.
  • The draft bill also proposes a framework to prohibit advertisements and the spread of misinformation to the public.

[Via]

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