India to explore prohibition of unbacked crypto in its G20 presidency

India said on Thursday that under its G20 presidency, it will prioritize the development of a framework for global regulation of unbacked crypto assets, stablecoins and decentralized finance and will possibly explore their “prohibition” in a potentially large setback for the nascent industry. The Reserve Bank of India, the Indian central bank, said that crypto […]India to explore prohibition of unbacked crypto in its G20 presidency by Manish Singh originally published on TechCrunch Learn more about your ad choices. Visit podcastchoices.com/adchoices