After actively discussing placing an all-out ban on the crypto industry, the Indian government is now reportedly reconsidering a change in tactics. More recent reports claimed that the nation had formed a new panel of experts to implement more precise regulations on cryptocurrency trading.
The world’s second-most populated country has been indecisive in its cryptocurrency endeavors for years. Back in 2018, the Reserve Bank of India banned all companies working with it from operating with digital assets. Two years later, the country’s Supreme Court reversed the decision.
Although Indians showed significant interest in the industry, the authorities continued to hint about inserting a blanket ban. Back in March, reports emerged indicating that the country planned to criminalize interactions with bitcoin and other altcoins.