Cryptocurrency regulation in India shifts toward consultative review

India’s finance committee begins study of crypto assets, marking shift toward phased oversight rather than full ban.

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Cryptocurrency regulation in India shifts toward consultative review

Cryptocurrency regulation in India shifts toward consultative review
The Parliamentary Standing Committee on Finance announced a comprehensive study of Virtual Digital Assets (VDAs) and future policy direction, signalling a shift from outright bans to a more consultative regulatory stance. India’s Reserve Bank of India governor said cryptocurrencies entail “huge risk” but noted openness to innovation through a central bank digital currency. 

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  • regulation