Anti-Cryptocurrency India This Time Has News That May Make#CryptoUsers Happy
🔷Positive news came from #India, which previously imposed strict regulations on cryptocurrencies and charged high taxes.
🔷In a significant development, India's market watchdog Securities and Exchange Board of India (#SEBI) has recommended that multiple regulators oversee cryptocurrency trading, according to documents seen by #Reuters.
🔷This is the strongest indication that some authorities in the country are open to the use of private virtual assets.
🔷#SEBI's stance contrasts with that of the Reserve Bank of India (#RBI), which argues that private digital currencies pose a macroeconomic risk. Both sets of documents were presented to a government panel responsible for making policy for the finance ministry to consider.