India’s Ministry of Finance has clarified some questions regarding the role of digital assets within the country and the financial industry. It also notified about crypto control and investor protection. Moreover, the role of the trading process, laws, and user protection were clarified.
The ideas offered by the interministerial group and collected in the draft document are still discussed.
In addition, the authorities announced that they do not consider digital assets as legal coins, and they will take all steps to minimize the use of these coins in the financial industry.
