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‘Avoid ban on private cryptocurrencies,’ recommends Indian tech think tank

The government should avoid a ban on private cryptocurrencies, according to a report by an Indian non-profit organization that has been cited by lawmakers for reference in the past.



The report by the Centre for Internet and Society (CIS) comes forward as the Indian government is looking to introduce a crypto bill that will reportedly ban most private cryptocurrencies but first it needs to be approved by the ruling Cabinet and then the parliament. However, recent reports suggest that this process could be delayed by several weeks.


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