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India trade association, CII wants crypto to be considered ‘securities of a special class’
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India’s ongoing regulatory uncertainty regarding cryptocurrencies, has led to widespread FUD in the sector. However, another side of the regulatory narrative has come to the fore amid these circumstances.
The Confederation of Indian Industries (CII) proposed that cryptocurrencies and other digital assets be designated as ‘securities of a special class,’ according to local media. The special status should allow cryptocurrencies to be exempt from current securities regulations. Furthermore, the CII noted,
“Instead, a new set of regulations appropriate to the context of crypto/digital currencies and their jurisdiction-less, decentralized character, should be evolved and applied. This would mean regulatory focus principally on dealings and
Read more on ambcrypto.comAbout this in other media
India: Opposition wants government to clear its position on crypto ambcrypto.com /3 years ago
Crypto token should be treated as special class of securities: CII economictimes.indiatimes.com /3 years ago
"Cryptocurrency, Digital Tokens Should Be Considered As 'Capital Assets' For Income Tax Purposes": Industry Body CII ndtv.com /3 years ago
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