India Close to Finishing Work on Cryptocurrency Rule Proposals


CoinDesk reports:
India's government has reportedly completed work on a proposal that outlines possible steps for regulating cryptocurrencies. According to local media source Business Line, the report, submitted by an intergovernmental body put together in April, has been delivered to the Indian Ministry of Finance. It's contents are currently unknown, though media reports in recent weeks suggest that at least some of the panel's participants want to adopt a more restrictive stance. Other sources have indicated that India may ultimately move to establish some kind of tax policy for cryptocurrencies.
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