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 …
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