Friday, 24 March, 2023

Indian government feels that cryptocurrencies ads are misleading, ambiguous

<p>In a meeting between PM Narendra Modi and several stakeholders, the Indian government opened up about the cryptocurrencies ads. They found the ads to be misleading and not transparent, as it promised wild profits to the customers. The government asked the stakeholders to formulate a path for the industry as there isn&#39;t an official framework for trading in crypto. Concerns about crypto being used for money laundering and financing terrorism were also expressed.</p>