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India may not impose an outright ban on crypto according to crypto exchange co-CEO

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News, Reviews & Betas which includes large community peer support India may not ban cryptocurrencies outright after all, according to Zebpay co-CEO Avinash Shekhar. Based on meetings with the finance committee he believes high taxes on crypto will be levied instead.
Speaking to CNBC, Avinash Shekhar, the co-CEO of crypto exchange Zebpay, said that the Indian government may not go for an outright ban on cryptocurrencies, instead favouring tough regulations which could discourage their use. It comes after a parliamentary bulletin was circulated on November 23 stating that the government wants to introduce a regressive bill that would ban private cryptocurrencies inside the country.

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