cryptounity.news Avoid ban on private cryptocurrencies,’ recommends Indian tech think tank

[florencewolfe]

The government should avoid a ban on private cryptocurrencies, according to a report by an Indian non-profit organization that has been cited by lawmakers for reference in the past.
 

The report by the Centre for Internet and Society (CIS) comes forward as the Indian government is looking to introduce a crypto bill that will reportedly ban most private cryptocurrencies but first it needs to be approved by the ruling Cabinet and then the parliament. However, recent reports suggest that this process could be delayed by several weeks.
 

Read full story on https://cryptounity.news/avoid-ban-on-private-cryptocurrencies-recommends-indian-tech-think-tank

Edited 20 Dec 2021, 12:45 by Helber

[florencewolfe]

A Cabinet note circulated by the Indian government on the proposed cryptocurrency bill has suggested regulation of private cryptocurrency rather than banning it.

According to the report crypto will not be recognized as legal currency in India instead the legislation describes Cryptocurrency as Cryptoasset

Read full story on https://cryptounity.news/india-to-regulate-crypto-and-not-move-for-an-outright-ban-cabinet-documents

[florencewolfe]

The initiative will back projects that explore better ways for a human to connect online, Polygon declared on Friday.
 

Reddit co-founder Alexis Ohanian's venture capital firm seven seven six and Polygon Network have made a $200 million initiative to invest in social media and Web 3 based projects.
 

Read full story on https://cryptounity.news/reddit-co-founder-creates-a-200m-initiative-with-polygon-for-web3-and-social-media

[Helber]

@florencewolfe ,

Here is your main theme https://forum.bits.media/index.php?/topic/198314-‘avoid-ban-on-private-cryptocurrencies’-recommends-indian-tech-think-tank/#comment-2170396

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