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Indian trade group recommends ‘special class security’ status for crypto
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The Confederation of Indian Industries (CII), a non-government trade association and advocacy group, has proposed to treat cryptocurrencies as securities of a special class.
The trade association released a report titled “Cryptocurrencies, Crypto Tokens/Assets & Regulations: The Way Forward” where it advocates for regulating the crypto market instead of outlawing it, reported Business Line. The report highlighted substantial technological innovation that the core technology of blockchain can bring in the payment and remittance sector.
The report proposes to formulate new regulations around the nascent crypto market instead of regulating them under existing securities law.
“A new set of regulations appropriate to the context of crypto/digital
Read more on cointelegraph.comAbout this in other media
Indian PM calls for cryptocurrencies to 'empower' democracy at global summit cointelegraph.com /2 years ago
Crypto token should be treated as special class of securities: CII economictimes.indiatimes.com /2 years ago
India trade association, CII wants crypto to be considered ‘securities of a special class’ ambcrypto.com /2 years ago
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