India to Release Crypto Policy Discussion Paper Before September, Says Ajay Seth

India plans to release a discussion paper outlining its policy stance on cryptocurrencies before September, according to Economic Affairs Secretary Ajay Seth.

The government has constituted an Inter-ministerial Group to review and release the consultation paper on crypto regulation.

This move comes nearly 10 months after Finance Ministry Official Ajay Seth mentioned that India would decide its crypto policy stance in ‘the coming months.’

The Web3 industry is evolving quickly, and the government aims to address this dynamic sector through the upcoming paper.

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