TechFlow news, according to The New Indian Express, the Indian government's hostile stance toward Bitcoin is shifting. Citing internal sources, the media reported that the government has abandoned its earlier plan for an outright ban on Bitcoin and instead intends to classify cryptocurrencies as an alternative asset class. Additionally, the Securities and Exchange Board of India will collaborate with the Ministry of Finance to jointly oversee the development of cryptocurrency regulations in the country. Internal sources also claimed that India's parliament will discuss a comprehensive crypto regulatory bill in July this year, which is seen as a positive signal for the market.
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