The legality issue for cryptocurrency in India could be a thing of the past as Reserve Bank of India (RBI) and Securities and Exchange Board of India (SEBI) may soon regulate it, Zee Business reported citing an agency. The government is expected to take a final call on cryptocurrency, a government source told Cogencis adding that a complete ban on cryptocurrency in India would be detrimental.  

The source further said that SEBI was against treating cryptocurrency as a commodity while the banking regulator was not in favour of treating it as an asset.   

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The two regulators have different views on the definition of cryptocurrency, the source further said. 

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