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The government had taken issue with promises of wild profits made by crypto ads that will now have to carry disclaimers.
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The government had taken issue with promises of wild profits made by crypto ads that will now have to carry disclaimers.
Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.
Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.
The framework is proposed at a time when countries like India are pondering over how crypto can be regulated.
India's central bank has two types of CBDCs in the works, and the government is preparing a legal framework for them.
The cryptocurrency wallet also said that it has embedded controls that enable 24/7 monitoring to detect and flag "suspicious" activity.
More robust, efficient, trusted, regulated and legal tender-based payments option is one among the many benefits of CBDC according to Finance Ministry.
This development comes 8 months after MediaNama reported how private banks shut off its banking services to crypto exchanges
The social media giant has expanded the number of regulatory licenses it accepts from 3 to 27; read the full list.
The revised guidelines are expected to temper the tone of wild profits in commercials about cryptocurrencies.