Recent developments in India's cryptocurrency policy:

India's economic affairs secretary Ajay Seth recently announced that India will formulate a cryptocurrency policy through an inter-departmental group. This group, which consists of members from the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI), aims to discuss key issues and invite opinions from all parties.

Key points

RBI: has reservations about legalizing cryptocurrencies, concerned about the impact on macroeconomic stability.

SEBI: supports open regulation of digital assets and recommends joint regulation by multiple agencies.

Currently, India's cryptocurrency regulation focuses on anti-money laundering (AML) and electronic funds transfer (EFT) compliance. The discussion paper will explore whether additional regulatory measures are needed, taking into account India's global perspective as the chair of the Group of Twenty (G20).

Personal opinion

India's cautious attitude shows the importance it attaches to the risks of cryptocurrencies. Through cross-departmental collaboration, India is expected to formulate effective policies that can both protect investors and promote market development. This step-by-step approach helps ensure the scientific and practical nature of the policy. #美国以太坊现货ETF开始交易 #比特币大会 #美国大选如何影响加密产业？ #山寨季何时到来？ #加密货币社区 $ETH $XRP $BTC