House panel bats for interim crypto self-regulation under RBI/SEBI oversight, stresses investor protection norms

A parliamentary committee has proposed the establishment of a self-regulatory organization for cryptocurrencies, functioning under the supervision of central regulatory authorities. This interim solution calls for the government to assess a specific legal framework for virtual digital assets. The objective is to reduce risks associated with money laundering and tax evasion, categorizing regulation of these assets as a vital aspect of national security for India.

Raccontata daeconomictimes.indiatimes.com