India considers outlawing cryptocurrency use (but blockchain is still cool)

It seems India has no intention of slowing down its crusade against cryptocurrencies – but at least, it might be open to experimenting with distributed ledger tech. Following a meeting of the Financial Stability and Development Council (FSDC), the government is contemplating devising an appropriate legal framework to ban the use of cryptocurrency in India – and encourage experimenting with distributed ledgers instead.  “FSDC took note of the developments regarding strengthening of Cyber Security in Financial Sector including progress made towards setting up of a Computer Emergency Response Team in the Financial Sector (CERT-Fin) under a Statutory Framework,” the meeting notes…

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