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Report: Indian Government Panel Submits Crypto Recommendations

The Indian government panel appointed to recommend cryptocurrency measures has reportedly submitted its report to the country’s finance minister, suggesting a new legal framework for cryptocurrencies. The actual content of the report has yet to be announced publicly. Industry participants weigh in on speculation about the report’s content.

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Report: Indian Government Panel Submits Crypto Recommendations

REGULATION

13 hours ago | Kevin Helms | 32720 12 Comments

Report: Indian Government Panel Submits Crypto Recommendations

The Indian government panel appointed to recommend cryptocurrency measures has reportedly submitted its report to the country’s finance minister, suggesting a new legal framework for cryptocurrencies. The actual content of the report has yet to be announced publicly. Industry participants weigh in on speculation about the report’s content.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

Panel Report Submitted

The panel appointed by the Indian government to draft a set of standards for cryptocurrencies has submitted its report to the finance minister, Cnbc Tv18 reported on Friday. Quoting anonymous sources, the news outlet wrote:

Ending the speculation on virtual currencies such as cryptocurrencies and bitcoins, a government panel has suggested that the government should consider framing a new law for regulating that space.

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