The Financial Stability and Development Council (FSDC) reportedly discussed the current status of cryptocurrency assets in the country and called for a quick decision on their legality.
The Council meeting’s key agenda item was the status of crypto assets.” “It was of the opinion that all ambiguities should be resolved as soon as possible,” a Business Standard official said. The Council stated that it wishes to make a final decision on the matter and has sought a collaborative solution to the problem. The FSDC members also called attention to India’s failure to follow FATF guidelines on crypto assets.
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The Financial Stability and Development Council (FSDC) reportedly discussed the current status of cryptocurrency assets in the country and called for a quick decision on their legality.
The Council meeting’s key agenda item was the status of crypto assets.” “It was of the opinion that all ambiguities should be resolved as soon as possible,” a Business Standard official said. The Council stated that it wishes to make a final decision on the matter and has sought a collaborative solution to the problem. The FSDC members also called attention to India’s failure to follow FATF guidelines on crypto assets.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
StartupNews.fyi is a leading global startup and technology media platform known for its end-to-end coverage of the startup ecosystem across India and key international markets. Launched with the vision of becoming a single gateway for founders, investors, and ecosystem enablers, StartupNews.fyi has grown steadily over the years by publishing tens of thousands of verified news stories, insights, and ecosystem updates, reaching millions of startup enthusiasts every month through its digital platforms and communities.
