India to Regulate Cryptocurrencies as Commodity, Categorised as Payments, Investments or Utility

According to a new Economic Times report, the Indian government has decided to treated cryptocurrency as a commodity for all purposes. In addition, the government will also compartmentalize cryptocurrencies as per use case — payments, investment or utility. According to the report, only cryptocurrencies that fall under the government's decision will be allowed to be traded in India. We bring you the complete analysis in this video!

Reference:
Virtual currencies: Govt plans to bring a bill, Cryptos to be treated as commodity: https://economictimes.indiatimes.com/news/economy/finance/virtual-currencies-govt-plans-to-bring-a-bill-cryptos-to-be-treated-as-commodity/articleshow/85885645.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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