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Bitcoin a ‘Major Concern’ for the Indian Government, if Used for Payments: Report

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India has long been a nation that has taken a hardline stance towards cryptocurrencies. The risks associated with digital currencies such as money laundering and terrorism funding have long fueled the Indian government’s approach to dealing with digital assets. A panel of high-ranking officials tasked with the job of drafting new cryptocurrency regulatory framework for India is now concerned with its impact on the Rupee. In terms of cryptocurrency adoption in India, it seems the government is constantly looking for ways to downplay cryptocurrency’s role in the future of money instead of embracing it and integrating it into Indian society.

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* First published on ccn.com

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