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India is set to release a discussion paper outlining its policy stance on cryptocurrencies by September 2024, as confirmed by Economic Affairs Secretary Ajay Seth. The forthcoming document aims to clarify the legal status of cryptocurrencies, taxation, and measures to combat illicit activities. The inter-ministerial group, which includes the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI), is actively consulting with stakeholders to gather comprehensive input. This initiative marks a significant step in India's approach to cryptocurrency regulation, focusing on expanding beyond anti-money laundering (AML) and electronic funds transfer (EFT) laws.
India’s Crypto Game Plan: What's Next for Us? India’s inter-ministerial group, now vibing with the RBI and SEBI, is dropping a crypto policy discussion paper by September 2024. They're pulling in community feedback and looking at expanding regulation beyond AML and EFT laws.… https://t.co/uPdymugchv
India's Crypto Policy Shake-Up: What to Watch India’s inter-ministerial group, including the RBI and SEBI, is set to release a crypto policy discussion paper by September 2024. Expect comprehensive input from stakeholders and a look at expanding beyond AML and EFT laws.… https://t.co/RSEFazUEq2
India will reveal its cryptocurrency regulation by September 2024 after consulting with stakeholders. This crucial policy will address legal status, taxation, and measures to prevent illicit activities. https://t.co/x60Tmc2nWo
