An Indian supreme court docket advocate has shared some ideas on the type of cryptocurrency regulation India can profit from. The appropriate regulatory framework “would guarantee transparency, oversight and accountability,” however a “one dimension suits all” regulation could be a mistake, she explains. In the meantime, the Indian crypto group and business our bodies have urged the central financial institution to permit crypto companies to take part in its new regulatory sandbox.
Additionally learn: Indian Supreme Court Postpones Crypto Case at Authorities’s Request
How India Might Regulate the Crypto Trade
The regulatory framework for cryptocurrency in India is being finalized by an interministerial panel headed by Subhash Chandra Garg, Secretary of Division of Financial Affairs. The media lately reported draft invoice has been circulating amongst related ministries for dialogue. In an interview with the Financial Occasions CIO, N.S. Nappinai, a supreme court docket…