India should introduce ‘more principle-based’ legal framework for digital currency, IT minister says

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The post India should introduce ‘more principle-based’ legal framework for digital currency, IT minister says appeared first on CoinGeek.

When asked about the present status of virtual currencies in India, the minister said no law precludes residents from interacting with the asset class.

Digital yuan's smart contract functionality was integrated into the food delivery app Meituan, allowing users of the digital yuan to automatically compete in a raffle draw.

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Article Details

Author / Journalist: Wahid Pessarlay

Category: Crypto

Markets: CanadaIndia

Topics: Rajeev Chandrasekhar Business Regulation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-24 @ 04:00:02 (2 months ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 486 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 4709462

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