Indian Finance Minister Nirmala Sitharaman introduced the Economic Survey 2022-2023 in Parliament on Tuesday, covering cryptocurrencies for the first time and highlighting the “need for a common approach to regulating the crypto ecosystem.”
The paper discusses the current approach to cryptocurrency regulation around the world, noting that monitoring and regulating cryptocurrencies has always been tricky, with global regulators finding it challenging to track emerging issues in the rapidly evolving uncharted territory that applies to unsecured crypto. There are few global standards for assets and currently do not mitigate all risks and vulnerabilities.
It is reported that the country's economic survey is the Ministry of Finance's annual flagship document, which outlines the performance of the Indian economy in the previous fiscal year and presents the economic outlook for the current fiscal year. (Bitcoin.com)