India is close to finalizing a consultation paper on crypto after consultations with organizations including the World Bank and International Monetary Fund (IMF), according to a government official.
"Our consultation paper is fairly ready," said Ajay Seth, secretary of the Finance Ministry's Department of Economic Affairs. "We have gone through a deep dive consulting with not just the domestic and institutional stakeholders but also organizations like IMF and World Bank. We hope that we will soon be in a position to finalize our consultation paper. Simultaneously we are also beginning our work for some sort of a global regulation (to determine) what role India can play,"
It is unclear whether the consultation paper will influence the country's crypto legislation, which has yet to be presented in parliament.
Speaking to reporters, Seth sought to clarify comments that appeared to hint at India possibly banning cryptocurrency.
"Whatever we do, even if we go to the extreme form, the...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...