RBI and SEBI to Release India Crypto Policy Paper in Q3
India’s financial regulators are working on cryptocurrency policy, with a discussion paper coming in Q3 2024, indicating a possible shift in India’s crypto approach. The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) have joined an inter-ministerial committee that is responsible for the development of a comprehensive crypto policy. […]
Violating the Indian crypto law may attract a fine or even jail sentence
India’s stance on compliance with crypto laws remains unshaken as the country has proposed legislation that will see offenders of the law paying a fine of about $2.7million or even up to a year and a half jail time sentence. Non-compliance with the Indian government’s crypto laws could result in a fine of up to […]