Indian govt to give its final stand on legality of crypto by Q1 2023

  • India is currently not FATF-compliant on crypto assets since the global money laundering and terrorist financing watchdog requires countries to have a clear stance on the legality of crypto assets to be compliant.
  • In addition, a Financial Stability Board report is expected in October. It will help the IndianĀ  decide whether to ban crypto transactions or provide a legal framework.

[Via]

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