Finance Minister Nirmala Sitharaman assured that despite reports of government hostility against the industry, it will take a measured approach.

Reserve Bank of India Governor Shaktikanta Das said the central bank has “major concerns” regarding digital currencies.

India’s securities regulator has said firms will be expected to sell off any holdings in digital currency before going public...

The measures would apply from the 2020-21 tax year, and are expected to be brought in by a circular, according...

The ban will reportedly be enforced in phases, giving digital currency owners the opportunity to sell all their holdings.

The “Cryptocurrency and Regulation of Digital Currency Bill 2021” was proposed recently by the Indian government.