A cabinet note suggests the government intends to regulate cryptocurrencies as assets with the Securities and Exchange Board of India at the helm.
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RBI – Reserve Bank of India
While the government has yet to figure out the details, a crypto regulatory regime is expected to be released before February.
Recent developments indicate the government is looking to regulate the sector instead of quashing it, and industry experts remain optimistic.
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Nirmala Sitharaman says ‘a futuristic thing can’t be shut out’ as the country considers crypto regulation, including a possible blanket ban.
Most banks distance themselves from virtual asset platforms as the country’s central bank lobbies for a ban.
The veil of uncertainty that has shrouded crypto regulatory discussions seems to be lifting, but how the government will regulate and tax digital money remains to be seen.
If cabinet approves crypto bill by November, it could be introduced as early as parliament’s winter session.
Crypto literacy of Indian regulators is evolving and crypto players are trying to keep industry clean via self-regulations, says Nischal Shetty of WazirX.
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In this edition of Forkast Forecasts, the co-founder and CEO of CoinDCX offers his views on the growth of crypto in India, regulation and CBDCs.
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India’s cryptocurrency ban rumor mill will surely rev up again when lawmakers meet for winter session. The CEO of Unocoin explains the worries.
India is now a vibrant cryptocurrency hub, but its future remains uncertain. Sathvik Viswanath of Unocoin explains what’s holding back the nation of 1.3 billion.
Ripple recently laid out a framework for India to legalize crypto through regulations. But does the Indian government have the incentives and will to do so?
India’s cryptocurrency market has vast potential — what’s holding it back? A continued lack of regulatory clarity as well as crypto education, says CoinDCX co-founder Neeraj Khandelwal.
Will India ban crypto? Regulatory uncertainty is causing nation to miss out on economic benefits. Smart regulations, says Ripple, may provide a way forward.
India could reap greater economic growth, cut down on corruption and more if it adopts a more progressive stance on cryptocurrency. A leading role in Asia is New Delhi’s for the taking.
White paper by global blockchain payment platform urges Indian lawmakers to make cryptocurrency legal while providing mechanisms to root out bad actors.
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India’s crypto sector saw a major boost after its Supreme Court ruled to lift a ban on crypto trading, paving the way for more blockchain development.