India investigates Binance unit for cryptographic transactions that violate exchange rules

India investigates Binance unit for cryptographic transactions that violate exchange rules

Source www.reuters.com

($1 = 73.0500 Indian rupees) The government was set to present a bill to parliament by March that proposed a ban on cryptocurrencies, making trading and holding them illegal. But the bill was not tabled in the session and since then conflicting statements have added to the uncertainty over the bill’s fate.

Our Standards: The Thomson Reuters Trust Principles. The investigation comes at time when the Indian government is dithering over the introduction of a law that could ban cryptocurrencies.

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