All private cryptocurrency will be regulated, not banned: Report

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All private cryptocurrency will be regulated, not banned: Report (Image: Pixabay)
All private cryptocurrency will be regulated, not banned: Report (Image: Pixabay)

New Delhi : A Cabinet note circulated by the government on the proposed cryptocurrency bill has suggested that all the private cryptocurrency in India will be regulated rather than banning it. 

According to a report by NDTV, the note also mentioned that that crypto will not be recognised as legal currency in India. 

Further, the legislation describes Cryptocurrency as Cryptoasset, according to the note.