India to Decide Stance on Crypto in Coming Months After Studying Global Framework Laid Out at G20 Summit
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India will decide its stance on crypto in the coming months after considering the global crypto framework laid out at the recent G20 summit.
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India's Finance Ministry Secretary said India will analyze what global leaders agreed to at the G20 before deciding its own policy.
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This signals a shift for India, which previously suspended its own crypto legislation plans in early 2022.
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India may not need its own crypto bill since it already has anti-money laundering rules and taxes for crypto in place.
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India is unlikely to pursue a complete crypto ban, as recommended by its central bank, since the G20 synthesis paper said a blanket ban won't work.
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