India to ban private cryptocurrencies and launch official digital currency
by Dan Milmo Global technology editor from Technology | The Guardian on (#5SA09)
Proposed legislation follows warning from Narendra Modi and crackdown in China
The Indian government is preparing to ban private cryptocurrencies and allow the country's central bank to launch an official digital currency.
The proposed legislation follows a crackdown on cryptocurrencies in China, where financial regulators and the central bank have made all digital currency transactions illegal.
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