India to Release Consultation Paper on Crypto Regulation

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Public Opinion and Regulation
  2. Current Regulatory Measures
  3. Internal Divergence and Next Steps


    4. India is gearing up for significant changes in crypto regulation with a new consultation paper set to be released between September and October 2024.

    Public Opinion and Regulation

    The upcoming paper will seek feedback from various stakeholders. This reflects the government’s commitment to creating a strong framework for crypto regulation. Moreover, this initiative aligns with the broader global effort, particularly within the G20, to establish a unified approach to regulating digital assets.

    Current Regulatory Measures

    The country currently focuses on anti-money laundering (AML) and counter-terror financing (CTF) measures, extended to crypto assets and intermediaries since March 2023. Furthermore, the upcoming consultation paper will address key policy questions, including the scope and extent of regulation in the crypto space.

    Internal Divergence and Next Steps

    Indian authorities are grappling with differing views on how to handle private virtual asset trading. The Securities and Exchange Board of India (SEBI) is reportedly more open to allowing such activities, while the Reserve Bank of India (RBI) remains cautious, citing concerns about potential macroeconomic risks. These differing stances highlight the complexity of creating a balanced and comprehensive crypto policy.

    The forthcoming consultation paper by the Department of Economic Affairs will be a significant step towards developing a more detailed and inclusive regulatory framework for cryptocurrencies in India.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

MEXC Concludes TOKEN2049 Singapore with Interactive Experiences

MEXC showcased its innovative trading solutions and industry discussions at TOKEN2049 Singapore, focusing on AI-powered trading and traditional finance.

user avatarJacob Williams

LBank Enhances Security Measures Amid Industry Challenges

LBank has launched the Crypto Resilience Initiative to enhance security and risk management in response to increasing threats in the crypto industry.

user avatarSon Min-ho

LBank Marks 11th Anniversary with Over 30 Million Users

LBank is celebrating its 11th anniversary, having reached over 30 million registered users and a daily trading volume of 238.1 billion.

user avatarZainab Kamara

HTX DAO Hosts Future Night and Reunion Events

HTX DAO organized Future Night and Reunion events during TOKEN2049 to discuss industry trends and strengthen community connections.

user avatarAyman Ben Youssef

HTX Ventures Showcases at TOKEN2049 in Singapore

HTX Ventures showcased its brand at TOKEN2049 in Singapore, engaging with visitors and enhancing industry connections.

user avatarTando Nkube

TRON DAO Takes Center Stage at TOKEN2049 and DAS Asia 2026

TRON DAO participated as Title Sponsor at TOKEN2049 Singapore and DAS Asia 2026, discussing the future of stablecoins, AI-driven commerce, and blockchain infrastructure.

user avatarKofi Adjeman

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.