India won't ban private cryptocurrencies, but will regulate them instead: NDTV report

India is looking at regulating, not banning, crypto.Avishek Das/Getty Images
India looks set to regulate crypto trading, rather than slap an outright ban on digital currencies as feared.
People should declare their crypto assets and put them on an exchange, the government suggested, according to an NDTV report.
The market regulator should then oversee those exchanges, with prison time and fines for violations, it said.
Crypto fans in India can breathe a bit easier, as the country's government lo