Digital Rupees News Today : Breaking News, Live Updates & Top Stories | Vimarsana

3 days ago For a government that has embraced fintechs and blockchain wholeheartedly in the past few years, its stance on crypto-currencies is perplexing. Is it a lack of understanding, or a lack of institutional capacity, that is preventing the government from stepping up and regulating crypto-currencies? In January, the government announced that it plans to enter the global race of digital currencies or CBDCs while at the same time banning “private” crypto-currencies like Bitcoin and Ethereum among others. However, in the last few months it has indicated that it will give some room to crypto-entrepreneurs and blockchain founders to continue building, developing and running new and innovative systems. As far as crypto-investors are concerned, the government has said there will be some protections under the proposed law.

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