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“There is a view within the government that the recommendations made by the Subhash Garg are dated and a fresh look is needed at the use of cryptos rather than a total ban,” an official familiar with the matter told The Economic Times.
According to the report, the Indian government is planning to treat Bitcoin and other cryptocurrencies as digital assets. Despite the reason that there is no formal announcement about the new committee, authorities have already started talking to different stakeholders including cryptocurrency trading platforms in the country to evaluate the market.
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