RBI, SEBI Collaborate To Develop India Crypto Policy, Paper Due In Q3

Quick Summary:

India Crypto Policy: The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) have joined an inter-ministerial group tasked with formulating a comprehensive crypto policy.

This initiative marks a significant step in their approach to cryptocurrencies, following the Supreme Court’s 2020 decision to strike down the RBI’s 2018 ban on crypto-related financial services.

However, SEBI’s recommendation has gained significant traction among crypto market participants, potentially signaling a more inclusive approach to cryptocurrency regulation.

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Category: Crypto

Markets: India

Topics: India crypto policy Regulation News 24/7 Cryptocurrency News SEBI RBI

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 10:54:50 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 451 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 12 words per sentence (average)

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Copyright Owner: © CoinGape

News ID: 21772543

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News Last Updated: 8 hours ago

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