India is set to regulate cryptocurrency and is actively seeking public input to shape its approach. The Department of Economic Affairs (DEA) is preparing a consultation paper that will take feedback from various stakeholders, including industry experts, companies, and the general public. The paper, expected to be released between September and October, marks a significant step in the government’s efforts to establish a regulatory framework for digital currencies. A panel led by the Secretary of the DEA is heading this initiative, aiming to create regulations that reflect the diverse views of those involved. By engaging the public and industry professionals, the government hopes to develop well-informed, effective rules for the cryptocurrency sector in India, ensuring a balanced and comprehensive regulatory environment.

August 23, 2024

One Min Read

India is set to regulate cryptocurrency and is actively seeking public input to shape its approach. The Department of Economic Affairs (DEA) is preparing a consultation paper that will take feedback from various stakeholders, including industry experts, companies, and the general public. The paper, expected to be released between September and October, marks a significant step in the government’s efforts to establish a regulatory framework for digital currencies. A panel led by the Secretary of the DEA is heading this initiative, aiming to create regulations that reflect the diverse views of those involved. By engaging the public and industry professionals, the government hopes to develop well-informed, effective rules for the cryptocurrency sector in India, ensuring a balanced and comprehensive regulatory environment.

New Delhi: India is set to regulate cryptocurrency and is actively seeking public input to shape its approach. The Department of Economic Affairs (DEA) is preparing a consultation paper that will take feedback from various stakeholders, including industry experts, companies, and the general public.

The paper, expected to be released between September and October, marks a significant step in the government’s efforts to establish a regulatory framework for digital currencies. A panel led by the Secretary of the DEA is heading this initiative, aiming to create regulations that reflect the diverse views of those involved.

By engaging the public and industry professionals, the government hopes to develop well-informed, effective rules for the cryptocurrency sector in India, ensuring a balanced and comprehensive regulatory environment.