The Indian government is finalizing a national framework for cryptocurrencies. By CMCAlexandria Read more! 👇
However, the Indian government, albeit no friend of crypto, is at least working on some clarity regarding cryptocurrencies. The Department of Economic Affairs of India is putting the finishing touches on a consultation paper drafted in cooperation with the International Monetary Fund and the World Bank.
"Digital assets, whatever way we want to deal with those assets, there has to be a broad framework on which all economies have to be together." India would reportedly not consider an outright ban of cryptocurrencies in that case unless there was a global consensus in favor of it. Rather, the draft can be understood as a summary of India's understanding of what a possible global consensus could be and where India fits in with that.
Following the country's long-standing distrust of cryptocurrencies, it is hard to see much more positive news coming out of India soon - not least because India's central bankIndian crypto bulls will have to wait a little longer for good news. This article contains links to third-party websites or other content for information purposes only . The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site.
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