A government panel in India has issued a recommendation to ban all “cryptocurrencies created by non-sovereigns,” a step which could be applied to Bitcoin. “The Committee notes with serious concern mushrooming of cryptocurrencies almost invariably issued abroad and numerous people in India investing in these cryptocurrencies. All these cryptocurrencies have been created by non-sovereigns and are in this sense entirely private enterprises,” their report reads.

Topics:  india   bitcoin    the committee      the next web   government   ban   non-sovereign   years   cryptocurrencies   panel   issued   created   recommendation   

 

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