๐ข India's Crypto Regulation Consultation Paper: Key Insights ๐ข$ETH $SHIB $BNB ๐โคด๏ธ๐ช
๐ India's Department of Economic Affairs is set to release a consultation paper on crypto regulation ๐ between September and October 2024 ๐, inviting public input ๐ฃ๏ธ for a crypto regulatory framework in the country.
๐ค This move comes amid heightened scrutiny ๐ as the largest local exchange, WazirX ๐, recently faced a hack ๐จ, losing $230 million worth of digital assets ๐ธ.
๐ Key Insights:
๐ฃ๏ธ Public Input: Inviting feedback from various stakeholders ๐ค
๐ Stakeholder Feedback: Seeking input from experts, exchanges, and users ๐
๐ Regulatory Framework: Establishing a unified approach to regulating crypto assets ๐
๐จ WazirX Security Breach: Highlighting the need for robust regulations ๐จ
๐ What's Next?
๐ Consultation Paper Release: September-October 2024 ๐
๐ฃ๏ธ Public Feedback: Inviting comments and suggestions ๐ฃ๏ธ
๐ Regulatory Framework Development: Creating a strong framework for crypto regulation ๐
๐จ The upcoming consultation paper marks a significant step towards creating a comprehensive crypto regulatory framework in India ๐จ, addressing security concerns and promoting a safe and secure crypto environment ๐.
