The Union government has been working on a consultation paper for crypto assets and is nearing completion, according to the Secretary of Department of Economic Affairs Ajay Seth. He informed reporters that the consultation paper is “fairly ready” and called it a “deep dive”, but stopped short of divulging when the paper will be out. Why it matters: A consultation paper on crypto assets will reveal the government's position on crypto assets and how it intends to regulate them. It also suggests that a law might still be at least a few months away from promulgation. When will it be released: Although Seth did not state when the paper will be out, the government intends to release the paper in August this year, according to a report in Economic Times. It is important to note that this means a law…
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