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Top official sheds light on the regulatory challenges of crypto.
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Top official sheds light on the regulatory challenges of crypto.
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Sitharaman made these remarks on a panel deliberating the role of digital money and its regulatory future.
Banks are still on the fence about working with crypto firms even after RBI's ban was overturned.
It has also proposed setting up a sandbox to explore use cases of distributed ledger technology.
The crypto industry has decried the move, stating that it would hamper the privacy rights of crypto holders.
The accused allegedly drew investors by organising promotional events with celebrities.
Leveraging blockchain, it is looking to make these documents tamper-proof and weed out fraudulent benefit claims.
While there is no clear definition of cryptocurrency in the GST law, the government might be looking to change that.