RATE Group | Uncharted path: Experts seek light-touch norms to regulate cryptocurrency
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Uncharted path: Experts seek light-touch norms to regulate cryptocurrency

09 Mar Uncharted path: Experts seek light-touch norms to regulate cryptocurrency

Posted at 01:28h in Cryptocurrency News by

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In the aftermath of the apex court’s landmark judgment on the use and regulation of cryptocurrencies, the fate of the draft Banning of Cryptocurrency & Regulation of Official Digital Currency Bill, 2019, hangs fire.

The draft Bill, in stark contrast to the court’s order, stipulates that the use of cryptocurrency is punishable with a fine or imprisonment of up to 10 years. Both government and banking sector regulator — the Reserve Bank of India — have to go back to the drawing board once more to firm up their views on the nascent cryptocurrency …



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