India to revisit its ambiguous stand on Crypto, the virtual digital asset
By Aruna Sharma, Practitioner Development Economist and Retd Sec to GOI and Jayjit Biswas, Founder Elite Web3 Forum
The new found global interest in the crypto the virtual digital asset with phenomenal jump in the value of the established Bitcoin or other similar regulated virtual digital assets in other countries. The block chain technology popularized by Crypto is finding more and more use cases. However, India is still ambiguous of its stand in relation to firm up the regulations around virtual digital assets.
In India, the crypto is not banned (SC judgment) but no policy to regulate the same. Many a times the finance regulator, RBI issues directions for banks either not to or be cautious of engaging in crypto transactions. The…
