On Friday, after the disappointing outcome pertaining to the Reserve Bank of India v/s Indian cryptocurrency exchanges’ petition in the Supreme Court, some development came to light.
An anonymous source from the Finance Ministry told The New Indian Express, “
The government will finally come up with detailed guidelines on cryptocurrency. The draft is ready and consultation is on with all the stakeholders, including market regulator SEBI, India’s central bank RBI and the Internet and Mobile Association of India (IAMAI) before coming up with the final paper. We expect it to be ready by September.”
Although Crypto-News India, has not quite been able to verify the claim independently, we have reasons to believe, that it could be likely, based on the information we have.
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