Cryptocurrencies should be treated as an asset or commodity in India and governed by existing laws for exchanges, a former senior central bank official said in remarks that contrast the Reserve Bank of India’s current approach to the virtual coins.
Once cryptocurrencies are accepted, rules governing commodity exchanges could apply and the coins could be used to pay for goods and services, R. Gandhi, former deputy governor at Reserve Bank of India, said during an event organized by the Internet and Mobile Association of India on Tuesday. “Then automatically people can start buying, selling and holding.”
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September 07, 2021 at 04:20PM
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India Must Accept Crypto as an Asset, Says Former Central Banker - Bloomberg
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