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06.12 - 14:09
India: Why regulations might have to wait until a formal ‘understanding’ of crypto
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Over the past few days, India has maintained a spotlight on the crypto-market. In fact, the government also concluded its first stakeholders meeting yesterday with more regulatory clarity expected in the coming days. During the meeting, there was a ‘consensus‘ that “cryptocurrency can’t be stopped, but it must be regulated.”
Jayant Sinha, Chair of the Parliamentary Standing Committee on “CryptoFinance.” commented in a recent interview with CNBC TV18 that a “regulatory framework is in consideration.”
However, it is worth noting that sources had pointed out that industry associations and stakeholders are currently “not clear as to who should be the regulator.”
In the context of the meeting, Jayant Sinha explained that the committee is yet to
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