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India is studying the possibility of adopting a similar attitude to that of China towards cryptocurrencies, from November 22 to 29

News Snapshot:

Are large emerging economies more likely to gravitate toward blanket crypto bans? China has set a precedent, and now it appears that India might be considering pursuing a similar policy: A bill containing a proposed ban on all “private cryptocurrencies” will go before the country’s parliament sometime this winter. . The move is designed to clear the way for India’s central bank to advance its digital currency agenda. Whether a central bank-issued national digital currency can coexist with a thriving ‘private’ cryptocurrency market will be one of the central questions of the impending CBDC era, and it is clear that…

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