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<ul><li>India’s DEA will release a pivotal consultation paper between September and October 2024.</li><li>The paper seeks feedback from stakeholders on the country’s crypto regulatory framework.</li><li>The country’s move aligns with the G20 nations’ unified stance on crypto regulations.</li></ul>India is ready to embrace crypto regulations, as the Department of Economic Affairs (DEA) is<a href="https://www.cnbctv18.com/technology/india-prepares-consultation-paper-on-cryptocurrency-regulation-stakeholder-input-invited-19463631.htm" rel="noopener noreferrer nofollow"> expected</a> to release a pivotal consultation paper between September and October. According to reports, the paper will seek opinions from stakeholders on the country’s crypto regulatory framework.India has been endeavoring to provide comprehensive regulatory guidelines for the crypto market. The consultation paper, which will be released by a panel led by the <a href="https://cryptotale.org/india-to-release-cryptocurrency-policy-paper-by-september-says-dea-secretary/" rel="noopener noreferrer nofollow">Secretary of the DEA</a>, is expected to mark a landmark moment in India’s crypto regulation.India’s Regulatory MovesDespite <a href="https://cryptotale.org/bitget-pursues-vasp-license-to-strengthen-compliance-in-indian-crypto-market/" rel="noopener noreferrer nofollow">India</a>’s reluctance to regulate crypto sales and purchases, the country has actively attempted tackling the threats and risks involved in crypto trading. In a parliamentary meeting on August 5, Pankaj Chaudhary, minister of state in India’s Ministry of Finance, posited that the country has no plans to regulate crypto trading. In addition, the minister revealed that the government doesn’t hold any details regarding the Indian crypto holders. He cited, “Crypto assets or Virtual Digital Assets (VDAs) are unregulated in India and the government does not collect data on these assets.”<a href="https://cryptotale.org/indias-crypto-regulation-dea-releases-consultation-paper/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

India’s Crypto Regulation: DEA Releases Consultation Paper

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