India is Preparing a ‘Banning of Cryptocurrencies’ Bill

Bitcoin stakeholders in India are decrying the decision by the country’s central bank to exclude cryptocurrency-related businesses in its recently released regulatory sandbox for fintech firms. Meanwhile, reports have emerged that the government is looking to ban cryptocurrencies entirely. RBI Bent on Stifling Bitcoin Growth in India Speaking to BusinessLine, Nischal Shetty, CEO of WazirX – an Indian peer-to-peer (P2P) crypto exchange, said the Reserve Bank of India (RBI) was being unfair to cryptocurrency businesses.Read MoreThe post India is Preparing a ‘Banning of Cryptocurrencies’ Bill appeared first on Bitcoinist.com.