While the government of India is aware of the risks associated with cryptos, it plans to take progressive steps on the issue.
It was stated that the Prime Minister of the country, Narendra Modi, made these statements after chairing a meeting on the future of crypto assets in the country.
Indian news agency Asia News International used the following words on the subject:
Sources told Asia News International that India may try to align with other countries and organizations to regulate cryptos.
The Indian government has been working on a crypto regulation bill for over a year. Authorities have softened their stance on crypto in the past 15 months. The government will hold a meeting with crypto representatives on Nov.