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Crypto Policy Needs Global Collaboration, Says India's MOS Pankaj Chaudhary
Any legislation can be effective only with significant international collaboration on the evaluation of risks and benefits, says Pankaj Chaudhary.
Andrew
6:40 21st Dec, 2022
Policy

Minister of State in the Ministry of Finance Pankaj Chaudhary today said the policy related to crypto assets and related ecosystems is currently with the Ministry of Finance. He was speaking on the current status of the cryptocurrency bill in the country, and the timeframe within which it would be tabled and subsequently be open for public inputs.

"Crypto assets are by definition borderless and require international collaboration to prevent regulatory arbitrage. Therefore, any legislation on the subject can be effective only with significant international collaboration on evaluation of the risks and benefits and evolution of common taxonomy and standards," he said in the Lok Sabha.

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