🧐India’s Finance Ministry Seeks Credible Crypto Use Case🧐
India's Finance Ministry is grappling with the challenge of finding credible use cases for private cryptocurrencies—a crucial step in forming a robust policy framework. With no clear use cases identified, the ministry is set to release a discussion paper by the end of September, seeking input from stakeholders.
🔍 Why It Matters: Policymaking based solely on risk without tangible benefits can skew the regulatory framework. The ministry aims to balance risk and benefit by engaging with stakeholders to explore potential crypto applications.
💼 What’s Next: An inter-ministerial group is currently working on a broader crypto policy, and the upcoming discussion paper will invite stakeholders to share their perspectives, ensuring that the policy is well-rounded and balanced.
Will this initiative pave the way for a more comprehensive and inclusive crypto policy in India?
