India to Decide Stance on Crypto in Coming Months After Studying Global Framework Laid Out at G20 Summit

India will decide its stance on crypto in the coming months after considering the global crypto framework laid out at the recent G20 summit.
India's Finance Ministry Secretary said India will analyze what global leaders agreed to at the G20 before deciding its own policy.
This signals a shift for India, which previously suspended its own crypto legislation plans in early 2022.
India may not need its own crypto bill since it already has anti-money laundering rules and taxes for crypto in place.
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.

coindesk.com

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Posted 9/11/2023, 7:26:00 AM