Latest news on cryptocurrency in india

MUMBAI: Several cryptocurrency exchanges operating in India plan to jointly reach out this week to the country's top financial decision makers, including Finance Minister Nirmala Sitharaman and the central bank, to suggest solutions aimed at establishing the investment credentials of an asset class that faced stiff regulatory resistance in the past. Nischal Shetty, co-founder and CEO of the crypto exchange platform WazirX, said that the Blockchain and Crypto Council, a subcommittee unde .

This presentation will also be shared with the Department of Economic Affair and the Ministry of Electronics and Information Technology, Shetty said. On February 24, central bank governor Shaktikanta Das reiterated his concerns over cryptocurrency and advocated a ban. "We have certain major concerns about cryptocurrency. We have communicated them to the government," Das said in a TV interview. “..on crypto we have major concerns from a financial stability angle which we have sh ..

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The presentation note includes a code of conduct for crypto exchanges to follow on day-to-day operations, a white paper that highlights the possible effects of the proposed ban on crypto assets in India, and data of global regulatory landscape, among other things. Shetty said this is the first time that the industry is sending a presentation with data and relevant content and that the previous reach outs have been over emails. “Eventually, our hope is that we will be invited where we ca ..