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India: What the crypto-bill might mean for investors’ annual buying quota
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Several independent bodies, including IndiaTech, have made suggestions for the upcoming crypto bill to be introduced in the Indian Parliament. As the Winter Session commenced today, IndiaTech said that the draft might seek to curtail foreign currency exposure. A local newspaper reported that this might limit what an Indian investor can buy annually in crypto assets.
With that, the crypto industry is awaiting some positive regulatory announcements after reports of private crypto ban resulted in market mayhem last week.
The Cryptocurrency and Regulation of Official Digital Currency Bill 2021 is also reportedly looking to define and license authorized dealers and crypto exchanges. In this context, IndiaTech has also asked for “a white paper
Read more on ambcrypto.comAbout this in other media
India's proposed bill banning crypto payments could mean jail for violations -document euronews.com /2 years ago
Draft Cryptocurrency Bill In India: Prison Sentence, Fine Of Up To Rs 20 Crore For Violation ndtv.com /2 years ago
DSP Investment Managers launches two ETFs – Know what they are and whom they suit financialexpress.com /2 years ago
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