Indian Minister of Economic Affairs: Appropriate policy on crypto assets is being developed

Responding to a question on whether the government will introduce cryptocurrency regulation in the parliamentary budget session, Ajay Seth, Minister of Economic Affairs of India, said: Regulation or ban, whatever it is, is developing an appropriate policy response for crypto assets. Regarding when crypto legislation will be introduced, Seth said: How long? I can't put my finger on it. I don't think that's going to happen in a budget meeting for sure. This work is in progress. The Minister of Economic Affairs further revealed what the Indian government is currently doing in terms of finalizing cryptocurrency legislation.