I'm an Indian but not currently in India, so not following the news in India about crypto . What's the current stand by the Government on bitcoin and otehr alt coins. Heard that SEBI is looking at some regulation in future. Is it happening ?
For now the ban that has been imposed will stay as it is but I heard that govt might insist Reserve Bank to regulate the usage of cryptos rather than banning it, since the ban has its own limitations such as it cannot stop peer to peer trading of cryptos, it is possible that a black market can arise somewhere in India and that can be more harmful to the Indian economy then the normal crypto trading.