India’s Interdisciplinary Committee may legalize cryptos in the foreseeable future, according to the local online media The New Indian Express.
According to the online media, a senior official who attended the meeting with the second interdisciplinary committee said the regulator achieved "a general consensus that cryptocurrency cannot be dismissed as completely illegal."
"Deliberations are on. We will have more clarity soon," highlights online media source.
The media claims the committee is likely to submit its report to the finance ministry by February 2019.
Earlier, in February, India’s government said it wasn’t considering cryptocurrencies as legal tender and would take all measures to eliminate payments using them.
Moreover, in November last year, the Supreme Court of India sent a notice to India’s central bank, the market regulator, tax department and other responsible agencies, calling on the government to answer the petition calling for the regulation of the use of bitcoin (BTC) in the country.
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