July 22, 2019 / 11:59 AM / a month ago

India panel recommends ban on cryptocurrency

NEW DELHI, July 22 (Reuters) - An Indian government panel on Monday recommended ban on cryptocurrency and penalties for any dealing in digital coins.

The panel’s report and a suggested draft legislation will be examined by the government and regulators before taking a final decision, a government statement said.

Reporting by Sudarshan Varadhan; Writing by Manoj Kumar; Editing by Rashmi Aich

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