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Indian government is reportedly considering regulating crypto as a commodity
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cointelegraph.comThe Indian government may be looking into establishing a legal framework for crypto as early as February based on digital currencies as an "asset."
According to an Oct. 26 report from Indian news outlet Business Today, officials with the country's Finance Ministry said the potential legal framework would treat cryptocurrencies closer to commodities than currencies. If this legislation comes to fruition, it would represent a different approach than an outright ban on digital assets in the country which some Indian lawmakers have reportedly been considering.
The officials added any potential law on cryptocurrencies in the country would likely come around the time the government submits the Union Budget of India on Feb. 1, in time to take
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