>"There is significant uncertainty regarding the legal status of crypto in India, with many anonymous sources distributing rumors of plans to ban crypto in the country."
" An internet startup association in India has asked the government to define cryptocurrencies like Bitcoin as digital assets and not [currencies.IndiaTech.org](http://currencies.IndiaTech.org) , an industry association representing India’s consumer internet startups and investors, wants to provide clear definitions for the cryptocurrency industry."