By nikunj ohri
(Reuters) -The public official told Reuters on Sunday that India is considering attitudes related to cryptocurrencies to change the attitude toward cryptocians in other countries.
This review, following a policy announcement of US President Donald Trump’s encryption, may further delay the disclosure paper on cryptocurrencies scheduled to be released in September 2024.
“I changed my attitude toward cryptocurrencies in terms of where multiple or two or more jurisdictions were looking at the importance of usage, acceptance, and cryptographic assets. Agai Seth, the chief of the economic issue, was an interview. I mentioned.
Seth stated that such assets “do not believe in borders” and that India’s attitude is not unilateral.
He last week, he succeeded in the creation of a cryptocurrency working group, who proposed a new digital asset regulation and investigated the establishment of a national cryptocurrency stockpiling, and succeeded in overhauling the cryptocation policy. He did not mention the United States.
Indians have recently poured money on cryptocurrencies, despite the strict regulation stance of the country and steep trading taxes.
In December 2023, the Indian financial information unit (FIU) issued a show cause notification to nine offshore cryptocurrency exchanges to violate local rules.
Binance, the world’s largest encryption exchange, was fined a month after being registered with FIU in June 2024, one month later, a month of $ 2.25 million ($ 2.25 million). I was impressed.
Last year, the Indian market watchdog recommended that some regulatory authorities supervise the trade of cryptocurrencies.
The position was in contrast to a statement by the Central Bank of the country, which claims that private digital currency represents macroeconomic risk.
(Report by Nikunj OHRI in New Delhi, edited by Helen Popper)