The news comes as uncertainty hangs over India's crypto sector, with Reuters reporting anonymous sources in the Indian government claiming the country's lawmakers are preparing a bill that would criminalize the "possession, issuance, mining, trading and transferring crypto-assets."
However, India's minister of finance, Nirmala Sitharaman, stated the government will not be "shutting all options off" for the crypto industry less than two weeks ago.
"We will allow certain windows for people [to] use, so that experiments on the blockchain, Bitcoins or cryptocurrency [...] will have that [option] available for them," she said.
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