ICYMI – India is looking to ban most private cryptocurrencies


Reports doing the rounds overnight on a bill to be presented in India’s parliament the session ahead. 

  •  India is looking to bar most private cryptocurrencies when it introduces a new bill to regulate virtual currencies in the winter session of Parliament, the government said late on Tuesday.
  • The government will allow only certain cryptocurrencies to promote the underlying technology and its uses, according to a legislative agenda for the winter session that is set to start later this month.

Bitcoin doesn’t seem to have been dented too much by this:

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