Banking Ban Reversal? India to Finalize Cryptocurrency Regulations in July

The head of the Indian government committee tasked to propose a regulatory framework for the cryptocurrency sector has revealed authorities are close to finalizing a draft in July.

 Nearly three months after the Reserve Bank of India, the country’s central bank, introduced a banking freeze on the cryptocurrency sector to adversely impact trading volumes, exchanges and investors have remained hopeful of legislation that regulates – in effect recognizes and legalizes – the industry.
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