Indian Government Breaks Silence on Crypto Regulation

The Indian authorities has lastly spoken up in regards to the regulatory framework for cryptocurrency it has been deliberating, offering solutions to questions introduced within the higher home of the Parliament of India. The federal government additionally confirmed that the report with the advisable crypto regulation has already been submitted by the interministerial committee tasked with drafting the regulation.

Additionally learn: G20 Leaders Challenge Declaration on Crypto Belongings – A Have a look at Their Commitments

Crypto Not Prohibited in India

At a sitting on July 16 of the Rajya Sabha, the higher home of the Indian Parliament, 5 questions had been directed on the Minister of Finance by Parliament member Shri Dharmapuri Srinivas concerning the “Prohibition of cryptocurrency” in India.

The set of questions begins with: “Will the Minister of Finance be happy to state: (a) whether or not [the] authorities has prohibited cryptocurrency within the nation; (b) if…

Read full story