Moneycontrol's Sakshi Batra tells everything you need to know about what the apex court's decision means for the crypto companies and investors.
The Indian banking regulator, however, left cypto currency out of the list. Credit registry, credit information, Initial Coin Offering (ICO) and chain marketing have also been kept out of the sandbox.
The portfolio will include the six most popular cryptocurrencies, together with bitcoin, bitcoin cash, litecoin, and ethereum.
Russian financial authorities initially treated any sort of money issued by non-state approved institutions as illegal, saying they could be used to launder money.
A government panel is looking at ways to fix accountability for transactions done through virtual currencies and whether a separate oversight body needs to be created.