🧵 1. India working on crypto legislation based on IMF-FSB recommendations, aiming for legal framework in 5-6 months. #crypto
🧵 1. India working on crypto legislation based on IMF-FSB recommendations, aiming for legal framework in 5-6 months. #crypto
🧵 2. The joint recommendations call for regulating, not banning, the crypto market. G20 countries welcome this approach.
🧵 3. India's five-point crypto regulatory framework focuses on global collaboration, including taxation.
🧵 4. Banning crypto is futile, global trend is towards regulation. US, Europe have specific regulations, India focuses on taxation.
🧵 5. India adopts IMF-FSB recommendations and will formulate regulations based on them in the coming months, seeking global collaboration.
🧵 Read more at: https://cointelegraph.com/news/crypto-india-working-on-5-point-crypto-legislation