Govt panel recommends shutting down Cryptocurrency Dealers in India.

The panel made the suggestion to curb the use of cryptocurrencies in the country, ETNow reported on Saturday quoting agencies. The report surfaces at a time when Bitcoin’s price has zoomed past $7,000 after the Chicago Mercantile Exchange (CME) Group Inc’s announcement on Tuesday that it plans to introduce bitcoin futures by the end of the year, after regulatory approval. Following the announcement, Coinbase Inc added more than 100,000 users in 24 hours. In July, Business Standard had reported that the government is considering setting up a regulatory structure to…

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