Cryptocurrency regulation in India shifts toward consultative review

India’s finance committee begins study of crypto assets, marking shift toward phased oversight rather than full ban.

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Cryptocurrency regulation in India shifts toward consultative review

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Cryptocurrency regulation in India shifts toward consultative review
India’s finance committee begins study of crypto assets, marking shift toward phased oversight rather than full ban.
The Parliamentary Standing Committee on Finance announced a comprehensive study of Virtual Digital Assets (VDAs) and future policy direction, signalling a shift from outright bans to a more consultative regulatory stance. India’s Reserve Bank of India governor said cryptocurrencies entail “huge risk” but noted openness to innovation through a central bank digital currency. 

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