Indian Crypto Regulation Framework Consultation Paper Set for September Release

IconCryptoNewsTerminal Staff25 Jul, 2024

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Indian Crypto Regulation Framework Consultation Paper Set for September Release

The Indian government is nearing the release of a highly anticipated consultation paper on cryptocurrency policy, expected by September 2023. This follows statements from Ajay Seth, the Minister of State for Finance, highlighting the ongoing deliberations by various departments, including the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI), on the matter of cryptocurrency regulation. The upcoming paper is set to address crucial aspects like the regulatory framework for cryptocurrencies in India. It will provide clarity on the stance of the Indian government towards digital assets and guide the development of a robust regulatory landscape. Experts believe that the release of this consultation paper marks a significant step in India's approach to cryptocurrencies. It signals the government's recognition of the growing importance of digital assets and its commitment to fostering innovation while safeguarding investors. The consultation paper is eagerly awaited by the cryptocurrency industry and investors alike. It is expected to provide much-needed direction and shape the future of cryptocurrencies in India.

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