India may classify Bitcoin as an asset class, but that may not solve the underlying problem

india may classify bitcoin as an asset class but that may not solve the underlying problem

Sumary of India may classify Bitcoin as an asset class, but that may not solve the underlying problem:

  • This will make it easier for Indians to trade in it by giving the Securities and Exchange Board of India (SEBI) control without banning Bitcoin altogether..
  • Regulation around cryptocurrencies is expected to be tabled in Parliament during the Monsoon session next month..
  • Recent crypto friendly announcements in El Salvador and Paraguay may have affected India stance towards the industry..
  • The country is reportedly planning to classify Bitcoin as an asset class so that Indian can still trade using the cryptocurrency..
  • Sources told the New Indian Express that the Finance Ministry would be formulating a new set of regulations for Bitcoin and the Securities and Exchange Board of India (SEBI) would be in charge of how these regulations are implemented..
  • TOP VIDEOS FOR YOU The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 was supposed to come to the fore during the Parliament Budget session in March….

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