Coinspeaker
India to Decide Its Stand on Crypto in Coming Months
In the upcoming months, India is planning to decide its own position and stand on digital assets after proper analysis and consultations. India would obviously consider the stance of global leaders on the acceptable crypto regulatory framework.
While speaking on the sidelines of the G20 summit over the past weekend, Ajay Seth, Secretary of the Department of Economic Affairs, said:
“India’s position will be decided in the coming months. The framework for assessing risk has been put together by the G20” we will analyse “what globally the leaders have agreed to” and then decide on “what will be a sound policy for India.”
The G20 member nations have endorsed the recommendations of the International Monetary Fund (IMF) and the Financial Stability Board (FSB) for the crypto regulatory framework.
India’s stance on cryptocurrencies has been a subject of scrutiny for several years. The nation initially saw a thrivi
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