India to explore prohibition of unbacked crypto in its G20 presidency

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India said on Thursday that under its G20 presidency, it will prioritize the development of a framework for global regulation of unbacked crypto assets, stablecoins and decentralized finance and will possibly explore their “prohibition” in a potentially large setback for the nascent industry. The Reserve Bank of India, the Indian central bank, said that crypto […]
India to explore prohibition of unbacked crypto in its G20 presidency by Manish Singh originally published on TechCrunch

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