Lack of Fixed Timeline for Regulations: India’s government has no established deadline for comprehensive regulations on Virtual Digital Assets (VDAs). This follows inquiries from lawmakers seeking clarity on regulations. Emphasizing global collaboration, the government aims to prevent regulatory arbitrage.
Importance of G20 Collaboration: The Indian government has included VDAs under anti-money laundering laws and taxation frameworks. The G20’s roadmap for unified policies is vital for countries like India to coordinate regulations and address risks impacting crypto markets globally.
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