After months of uncertainty, there are indications that India may not, after all, opt for a blanket ban on virtual currencies. A finance ministry panel set up to study them may even suggest that they be treated as commodities.
One of the member of panel told that India is looking forward to regulate cryptocurrencies not banning it and the member requested not to reveal his identity
Here is the full blog link - https://goo.gl/HchzB4
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