The DEA’s paper is expected to be a watershed moment for India’s crypto regulation, potentially setting the stage for comprehensive legislation.
India’s cryptocurrency landscape is about to change, with the nation’s regulatory future hanging in the balance as the Department of Economic Affairs (DEA) prepares to release a pivotal consultation paper.
According to local media, the paper, which is expected in September or October, will invite feedback from various stakeholders, signaling the government’s active role in shaping the direction of digital currencies in India.
The forthcoming paper, led by a panel chaired by the Secretary of the DEA, represents a significant step in India’s ongoing effort to balance innovation and regulation in the rapidly evolving crypto sector.
