Just-In: India Issues Fresh Take On Crypto Assets

Ashish Kumar
April 15, 2023
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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Crypto News: The Indian government has always opted for the ”wait and watch” policy while framing the regulations around the emerging cryptocurrency industry. However, this time Nirmala Sitharaman, Finance Minister of India has asserted the need for an urgent consciousness around the issues related to crypto assets.

Also Read: Coinbase Airdrops 601 Million Flare (FLR) Tokens To XRP Holders; What’s Next?

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Good News For Crypto In India?

According to reports, during a brainstorming session with G20 Finance Ministers and Central Bank governors, Indian Laymaker called for immediate attention and response to digital assets. She highlighted that G20 needs to ensure that they do not lose any possible benefits while preventing economies from harm.

Recognizing the G20’s outlook towards the International Monetary Fund (IMF) and the Financial Stability Board (FSB), she added that a synthesis paper that integrated the regulatory and macroeconomics of digital crypto assets is needed. This move is expected to bring out key segments of policy and regulatory framework. Read More Crypto News Here…

also Read: Here’s Why Crypto Exchange OKX’s OKB Token Skyrocketing 20%

This development comes in when global financial regulators are issuing advisories over crypto asset trading. While major watchdogs like U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) has pressed charges on several crypto asset and leader.

Reports suggest that the minister noted that there is consent built among the G20 Members to frame a well global coordinated policy to oversee crypto assets. However, this must include a full range of risks in the emerging market.

The global digital asset market recovering from the lows of 2022 managed to reclaim its $1 trillion mark cap this year. While Bitcoin, the largest crypto asset went to surge by 84% on the year to date (YTD) basis.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.