Indian Government to Release Consultation Paper on Cryptocurrency Regulations

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The Indian government, through a panel headed by the Secretary of the Department of Economic Affairs (DEA), is expected to release a consultation paper on cryptocurrency regulations. The paper set to be released between September and October 2024, will gather feedback on how best to regulate crypto assets. This move reflects the government’s commitment to addressing both global and domestic challenges posed by digital currencies and signifies India’s proactive steps in shaping its cryptocurrency landscape following India’s Finance Minister’s statement that G20 nations have aligned on a unified regulatory approach.