Celebrities are lining up to advertise cryptocurrency exchanges﹘asking people to throw money as if they're selling bhaji pav﹘and even news channels are getting in on the crypto madness. But unlike bhaji pav, these virtual currencies in India are stuck in a legal grey area and there may be massive changes to how they are regulated.
In this episode, we explore what the government is doing to regulate the currency, and if it should be regulated at all.
Watch.
References
Draft Banning of Cryptocurrency and Regulation of Official Digital Currency Bill, 2019
Finance ministry panel report proposing actions over the issue of virtual currencies
Also Read: India has no legal framework to regulate cryptocurrency. So, what’s up with all the ads?
Also Read: TV Newsance 154: The business of business news channels
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