India bans registration and trading of cryptocurrencies without government approval

According to two sources familiar with the matter, India plans to tighten cryptocurrency controls to prevent investors from holding cryptocurrencies, even though the government is unlikely to comply with the previously banned personal funds plan. digital. Instead, only products that have been pre-approved by the government can be registered and traded through a deliberate reporting process on the exchange. The first source said, "Coins can only be traded with the government, otherwise holding or trading will be penalized." Salary. (Reuters)