Indian government likely to take ‘middle path’ over the crypto bill: Report

  • The cryptocurrency bill will reportedly take into account the technological developments in the digital asset space which the earlier draft lacked.
  • A high-level inter-ministerial committee constituted by the finance ministry has examined the policy and legal frameworks and recommended the introduction of CBDC as a digital form of fiat money in the country.
  • India’s cryptocurrency market expanded 641 percent in the past year, driving the growth of digital currencies in central and Southern Asia, according to a report by Chainalaysis.
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