Why is the Indian government cracking down on cryptocurrency? Asia An in-depth look at news from across the continent DW


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Why is the Indian government cracking down on cryptocurrency? | Asia | An in-depth look at news from across the continent | DW India is preparing to clamp down on its booming cryptocurrency trade with a new law likely to be introduced in parliament this month. Details of the legislation remain unclear, but the government wants to ban all private digital currencies, with some exceptions. India hopes that a ban would pave the way for the Reserve Bank of India — the country’s central bank — to gain control over digital money, despite concerns over the lack of advanced data...