• India’s Economic Affairs Secretary disclosed plans for a discussion paper on cryptocurrency regulations.
• The paper aims to gather stakeholder feedback on proposed crypto regulations.
• The move follows the extension of AML and CTF standards to crypto assets in 2023.

India’s Economic Affairs Secretary, Ajay Seth, has announced that the country will release a discussion paper outlining its policy stance on cryptocurrencies before September. The paper aims to gather comments and views from relevant stakeholders on proposed cryptocurrency regulations in India.

The discussion paper results from the efforts of an inter-ministerial group, including the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI), to develop a comprehensive cryptocurrency policy.

Notably, the paper will explore the remit of regulations for cryptocurrencies, going beyond the current framework of anti-money laundering (AML) and counter-terror financing (CTF) standards.

This move has attracted attention from the Indian crypto community. Sumit Gupta, founder of CoinDCX, expressed his pleasure at the government’s decision to release a consultation paper, stating, …

The post CoinDCX Founder Welcomes India’s Crypto Consultation, Urges Industry Collaboration appeared first on Coin Edition.

• India’s Economic Affairs Secretary disclosed plans for a discussion paper on cryptocurrency regulations.
• The paper aims to gather stakeholder feedback on proposed crypto regulations.
• The move follows the extension of AML and CTF standards to crypto assets in 2023.

India’s Economic Affairs Secretary, Ajay Seth, has announced that the country will release a discussion paper outlining its policy stance on cryptocurrencies before September. The paper aims to gather comments and views from relevant stakeholders on proposed cryptocurrency regulations in India.

The discussion paper results from the efforts of an inter-ministerial group, including the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI), to develop a comprehensive cryptocurrency policy.

Notably, the paper will explore the remit of regulations for cryptocurrencies, going beyond the current framework of anti-money laundering (AML) and counter-terror financing (CTF) standards.

This move has attracted attention from the Indian crypto community. Sumit Gupta, founder of CoinDCX, expressed his pleasure at the government’s decision to release a consultation paper, stating, …

The post CoinDCX Founder Welcomes India’s Crypto Consultation, Urges Industry Collaboration appeared first on Coin Edition.