Today news
About the same in other media
India is said to consider capital markets regulator for crypto
Reading now: 280
economictimes.indiatimes.comBy Abhijit Roy Chowdhury and Shruti Srivastava India is considering appointing its capital markets regulator to oversee cryptocurrencies, according to people with knowledge of the matter, as authorities look to classify them as financial assets. Prime Minister Narendra Modi’s government, which plans to introduce legislation in the ongoing parliament session, will probably give crypto holders a deadline to declare their assets and meet any new rules, the people said, asking not to be identified as the discussions are private. The bill is likely to use the term ‘cryptoassets’ rather than ‘cryptocurrencies,’ and won’t refer to the central bank’s plan to create its own digital currency, one of the people said.
Presented ByDid you Know?
Amitabh
Read more on economictimes.indiatimes.comAbout this in other media
India trade association, CII wants crypto to be considered ‘securities of a special class’ ambcrypto.com /2 years ago
Proposed bill banning crypto payments could mean jail for violations economictimes.indiatimes.com /2 years ago
India to set maximum penalty for violating crypto norms at fine of $2.7 million or 1.5 years in jail cointelegraph.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
