
Currently, cryptocurrencies are unregulated in India and the government is in the midst of consultations to draft a legislation regulating hem. RBI has been apprehensive about cryptocurrencies because of their cryptic nature and absence of any intrinsic value.Currently, cryptocurrencies are unregulated in India and the government is in the midst of consultations to draft a legislation regulating hem. RBI has been apprehensive about cryptocurrencies because of their cryptic nature and absence of any intrinsic value.