Indian media report India may allow crypto as an asset but not as a currency

India's Economic Times with the info on cryptocurrencies

• They may not be permitted as currency to settle transactions and make payments but could be held as an asset like shares, gold or bonds.
• Active solicitation by companies including exchanges and platforms would be barred
• legislation that's in the works could be taken to the cabinet for consideration in the next two to three weeks

Eco Times citing "people with knowledge of the matter:.