Friday, 24 March, 2023

India asks IMF, FSB to Prepare Technical Paper on Crypto Assets

<p>The Indian government has asked the International Monetary Fund and the Financial Stability Board to prepare a technical paper on cryptocurrency assets. India&#39;s finance ministry says the paper should look at the implications of cryptocurrency for monetary policy, the financial sector, and financial stability. The move comes as India works on a new law to regulate cryptocurrency in the country.&nbsp;The proposed legislation seeks to ban all private cryptocurrencies.</p>