India Finally Decided to Ban Cryptocurrency?

Things are getting very hot in India right now about Bitcoin and cryptocurrencies. A government panel recommended banning cryptocurrencies in India reported in a post published on 22 July.

The panel recommends imposing sanctions for any direct or indirect dealing in cryptocurrency assets. The report further added that the draft bill and recommendations are closely examined by the government before making any final decision.

The secretary of economic affairs Subhash Chandra Garg tweeted that private Cryptocurrency have no vales and will be banned. He further explained that government will think about a digital version of Indian rupee (INR)