http://www.coindesk.com/bitcoin-india-inches-closer-developing-cryptocurrency-rules/

India's government is reportedly moving closer to developing regulations around cryptocurrencies.

Local news outlet MoneyControl reports that officials with the country's central bank, as well as its top finance regulators, are finalizing a report which lays out possible approaches for overseeing the tech.

Agencies involved in the development reportedly include the Reserve Bank of India as well as the Ministry of Revenue, Department of Financial Services and the Department of Economic Affairs.

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