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RE: LeoThread 2023-09-11 21:11

in LeoFinance • last year

🧵 1. India working on crypto legislation based on IMF-FSB recommendations, aiming for legal framework in 5-6 months. #crypto

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🧵 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.