India’s Central Bank is ‘Working’ on Bitcoin Regulation: Official

The deputy governor of India’s central bank has revealed the authority is working on a regulatory policy for cryptocurrencies like bitcoin in the country.

According to Indian business daily Economic Times, Reserve Bank of India (RBI) deputy governor NS Vishwanathan was speaking at an event in the city of Kolkata when he was asked if the RBI would encourage cryptocurrency adoption in India. While holding details close to the vest, the central banker confirmed the authority’s effort to introduce a clear regulatory policy in a country where bitcoin deemed neither legal nor illegal.