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Centre Likely To Release Crypto Regulation Paper In June: Report

  • The Indian government is expected to release a detailed discussion paper on crypto assets policy framework options in June.
  • The paper will draw insights from a synthesis paper by the IMF and FSB, and gather feedback on practices from different jurisdictions.
  • India aims to make an informed decision on crypto policies considering national interests and industry implications.
  • Recent developments include India's strict regulatory stance on cryptocurrencies, evolving global crypto landscape, and the US administration's favorable approach to cryptocurrencies.

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