India Plans to Classify Bitcoin as an Asset Class

Reading Time: 2 minutes A report from The New Indian Express reveals that India plans to walk away from its restrictive stance and classify Bitcoin as an asset class. The current committee working on cryptocurrency regulation in India is promising. India has potentially lost a lot with its prohibitive behavior towards cryptocurrencies. Following El Salvador’s memorable move to adopt Bitcoin as legal tender, and consequently, giving it full currency status, things are getting more optimistic for Bitcoin. Now, top sources say the Indian government plans to classify Bitcoin as an asset class. As reported by The New Indian Express, top sources trucking the digital
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