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India to Consider Allowing Crypto Trading for Some Investors

  • Cryptocurrency could be classified as a financial asset
  • Minimum threshold may be put for investment in cryptocurrency
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India Is Said to Consider Allowing Some Crypto Trading

India is considering a proposal to treat cryptocurrencies as a financial asset while safeguarding small investors, according to people familiar with the matter.

The discussions come as authorities race to finalize a bill Prime Minister Narendra Modi’s government wants to present to parliament in the session starting Nov. 29. The legislation may stipulate a minimum amount for investments in digital currencies, while banning their use as legal tender, the people said, asking not to be identified as no final decision has been taken.