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Indian Parliament Member Clarifies Legal Status of Cryptocurrency


Cryptocurrency is currently a gray area in India. It is neither legal nor illegal. A parliament member, India’s finance secretary, and the minister of finance have recently clarified the legal status of cryptocurrency in India. Legal Status of Crypto in India Following the finance...

BTC, ETH, and NFT Won’t Be Legalised, Says Finance Secretary of India


India has always been one of the few countries that have expressed hostility towards cryptocurrencies as a threat to the nation’s economy. In a public speech a few months ago, the prime minister of India, Narendra Modi, expressed the government’s stance against decentralized finance....

India Still Debates Crypto Regulation - Finance Secretary


  Crypto regulation in India is still an ongoing debate, the country’s Finance Secretary T. V. Somanathan stressed, noting that, for now, cryptoassets are not illegal and are treated as gambling.  “The government’s approach is to consult widely and also to look at what’s happening...

Former Finance Secretary Doubts Indian Government Understands Crypto


The Indian government has not introduced the cryptocurrency bill that was listed to be taken up in the winter session of parliament. Former Finance Secretary Subhash Chandra Garg says he has no confidence in the ability of the Indian government to figure out crypto. Garg headed...

Treasury Says Crypto Reduces Efficacy of US Sanctions, Seeks More Funding


The U.S. Department of the Treasury says that the growing use of crypto assets challenges the efficacy of American sanctions. “We are mindful of the risk that, if left unchecked, these digital assets and payments systems could harm the efficacy of our sanctions,” the Treasury...

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