India revealed that IMFNews's paper on crypto will be the base for G-20's consultations around crypto rules, while also reiterating that digital assets are not illegal in the nation. By amitoj.
For the first time since taking over the G-20 presidency, India has officially revealed details of the ongoing work around how to regulate crypto.
Seth also revealed that the IMF had led a meeting with representatives of developing economies around the paper in January. The details confirmed CoinDesk's"There's going to be 135 minute seminar on crypto assets on the policy response and for that again the IMF is preparing the finalized paper that will form the base," he added.
“I don’t wait till regulation comes into place for taxing people who are earning profits,” the Indian Finance Minister said when asked how a nation can tax something that it doesn’t acknowledge is legal.
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