India Hints At Softer Regulatory Stance Toward Bitcoin, Ethereum, Dogecoin — Looks Into Taxing NFTs

In a possible signal toward easing the hostile environment and regulations for cryptocurrencies in India, a top government official said the country was drafting a cryptocurrency consultation paper.

What Happened: Indian Economic Affairs Secretary Ajay Seth told the media that the paper was “fairly ready. We have gone through a deep dive and consulted not just domestic stakeholders but also organizations like the IMF and the World Bank.”

“We hope that we will soon be in a position to finalize [it].”

While it is unclear what the regulations hold, Seth said the …

Full story available on Benzinga.com

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