India is planning to introduce measures around crypto this year, according to Economic Affairs Secretary Ajay Seth. cryptocurrency bitcoin
The Indian government is planning to introduce “measures around crypto” this year, according to the country’s Economic Affairs Secretary Ajay Seth. India’s finance minister says cryptocurrency regulation will be discussed in her upcoming G20 meeting of finance ministers and central bank governors.India’s Economic Affairs Secretary Ajay Seth reportedly said Saturday at a post-budget press conference in Mumbai that India will introduce “measures around crypto” this year.
“The technology of crypto assets like blockchain and others can be used but its use in the financial sector can have several risks,” he was quoted by local media as saying. The official elaborated:The Economic Affairs secretary added: “In India, nobody is talking about using crypto as a currency. The risks are with using it as a token.”
The Indian government has been working on crypto legislation for several years. A draft crypto bill was
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