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According to Reuters, India's Minister of Economic Affairs, Ajay Seth, said in an interview that India is revisiting its stance on cryptocurrencies due to the shift in attitudes towards cryptoassets in other countries. The review, which follows the announcement of crypto-friendly policies by US President Donald Trump, could further delay the release of a cryptocurrency discussion paper originally scheduled for September 2024. Ajay Seth said, "No.
India plans to release a discussion paper outlining its policy stance on cryptocurrencies by September, according to Ajay Seth, a senior finance ministry official. Seth did not hint at a commitment to regulating cryptocurrencies through comprehensive legislation, but rather based on a consensus among stakeholders on the matter. The inter-ministerial group includes India's central bank, the Reserve Bank of India (RBI), and market regulator, the Securities and Exchange Board of India (SEBI).
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