Indian Government to Take ‘Progressive’ Steps on Crypto, Sources Say After PM Modi’s Meeting

Indian Government to Take ‘Progressive’ Steps on Crypto, Sources Say After PM Modi’s Meeting
While the Indian government is cognizant of risks associated with cryptocurrencies, it intends to take “progressive” and “forward-looking” steps on the matter; sources told Indian news agency Asia News International (ANI) after Prime Minister Narendra Modi chaired a meeting on cryptocurrencies’ future in the country.“It was strongly felt that attempts to mislead the youth through over promising & non-transparent advertising be stopped,” ANI tweeted. “There was consensus also that the steps taken in the field of cryptocurrency & related issues by the Govt will be progressive & forward-looking.”Sources said the participating members noted the risk of unregulated markets becoming a…