RBI, SEBI Collaborate To Develop India Crypto Policy, Paper Due In Q3

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India's financial regulators collaborate on cryptocurrency policy, with a discussion paper due in Q3 2024, signaling a potential shift in India’s crypto approach.

HIGHLIGHTS

RBI and SEBI join inter-ministerial group to develop comprehensive crypto policy.

Discussion paper on cryptocurrency regulations expected before September 2024.

Move signals potential shift from previous restrictive stance to more inclusive approach.

India Crypto Policy: The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) have joined an inter-ministerial group tasked with formulating a comprehensive crypto policy. This collaboration marks a potential turning point in their stance on cryptocurrencies.

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