India Highlights Need for ‘Common Approach to Regulating Crypto Ecosystem’
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India’s Finance Ministry has highlighted the necessity for “a common approach to regulating the crypto ecosystem” in its flagship Economic Survey this year. “Crypto assets are self-referential instruments and do not strictly pass the test of being a financial asset because it has no intrinsic cashflows attached to them,” the Indian government stated. Finance Ministry’s Economic Survey Includes Crypto This Year Indian Finance Minister Nirmala Sitharaman presented the Economic Survey 2022-23 in Parliament Tuesday. The Economic Survey is an annual flagship document of the Ministry of Finance that outlines the performance of the Indian economy in the previous financial year
After the president’s signature, the bill will regulate the usage of bitcoin as payment in the country. Panama has approved a bill regulating the use of bitcoin and cryptocurrencies as payment. The... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]…