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Technology

India's 'cryptocurrency spring' may give rise to new industry

Draft regulation bill likely to be submitted soon, setting off policy debate

India has seen numerous homegrown and foreign cryptocurrency businesses revive or start up from scratch after the Supreme Court ruled the government ban on cryptocurrency unconstitutional.

TOKYO -- After India's Supreme Court reached a landmark decision in early March that essentially lifted a two-year-old ban on cryptocurrency transactions, the country has seen numerous homegrown and foreign cryptocurrency businesses revive or start up from scratch, like a spring awakening after a long period of hibernation.

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