The Indian government has reportedly confirmed that the report containing a regulatory framework for cryptocurrencies by an inter-ministerial committee is being finalized. This confirmation is in response to a Right to Information filing by a local news outlet.
Report in ‘Finalization Stage’
The Indian government has been working on crypto regulation for quite some time. The Inter-Ministerial Committee (IMC) headed by Subhash Chandra Garg, Secretary of the Department of Economic Affairs, is tasked with developing the country’s crypto regulatory framework.