India to Ban Crypto as Payment Method, But Regulate as Asset: Report

India will ban the use of cryptocurrencies for making payments, but will allow and regulate trading of crypto as assets, the Economic Times reported citing government sources.

Read more: India Likely to Regulate Crypto, Not Ban It, in Upcoming Budget: Report

UPDATE (Nov. 17, 07:50 UTC): Adds CoinDCX comment in fourth paragraph, corrects eight paragraph to say that ET reported on Wednesday.

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