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The future of India's cryptocurrencies hinges on the country's Ministry of Economic Affairs' consultation paper in September or October

The future of India's cryptocurrencies hinges on the country's Ministry of Economic Affairs' consultation paper in September or October

Bitget2024/08/22 13:04

India's regulatory future hangs in the balance as the country's Department of Economic Affairs (DEA) prepares to release a key consultation paper. Local media reports suggest the document is expected to be released in September or October this year and will seek feedback from various stakeholders, signaling the government's active role in shaping the direction of digital currencies in India. The DEA's upcoming document is expected to address broader concerns around the regulation of crypto assets, including issues raised by the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI).

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