Indian Government is Considering Ban On Virtual Currencies.
On 30-October-2018 the 19th meeting of the [FSDC] Financial Stability and Development Council held under the Chairmanship of the Arun Jaitley has stated that in a press release “Deliberated on the issues & Challenges on Crypto Assets/Currency and was briefed about the deliberations in the high-level Committee chaired by the Secretary [Economic Affairs] to devise an appropriate legal framework to ban use of private cryptocurrencies In India and encouraging the use of Distributed Ledger Technology, as announced in Budget 2018–19”.
as reported by Crypto Kanoon on twitter
After seeing these steps by the Indian Government there are two possibilities.
1] The Indian gov will regulate its own cryptocurrency within the December 2018.[ as per the rumors the Gov/RBI is working on regulating its own cryptocurrency ]
2] The Indian Gov will Regulate Cryptocurrencies.
3] The Indian Government will Completely Ban the Cryptocurrencies.
