India’s government drafts cryptocurrency ban

India government has been working on a cryptocurrency ban, ET writes. The “Banning of Cryptocurrencies and Regulation of Official Digital Currencies Bill 2019" has been drafted by a panel led by finance secretary Subhash Chandra Garg and has now been distributed to relevant government departments for consultations, according to ET’s sources.

After the new government takes over following next month’s elections, it will be presented with the proposed law.

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