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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...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

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 internationally," he told Bloomberg TV, adding that while cryptossets are still "in a grey area," it’s not illegal to trade it. ...
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