PANews reported on September 10th that Reuters reported that Indian government documents indicate that India prefers to maintain partial oversight rather than comprehensive legislation to regulate cryptocurrencies, citing concerns that integrating digital assets into the mainstream financial system could trigger systemic risks. The document notes that regulating cryptocurrencies could confer "legitimacy," giving the industry systemic impact. Furthermore, a blanket ban on cryptocurrencies would fail to address peer-to-peer transactions and decentralized exchange activities. India currently imposes punitive taxes on cryptocurrency transactions and implements laws to curb speculative trading and illegal activities.PANews reported on September 10th that Reuters reported that Indian government documents indicate that India prefers to maintain partial oversight rather than comprehensive legislation to regulate cryptocurrencies, citing concerns that integrating digital assets into the mainstream financial system could trigger systemic risks. The document notes that regulating cryptocurrencies could confer "legitimacy," giving the industry systemic impact. Furthermore, a blanket ban on cryptocurrencies would fail to address peer-to-peer transactions and decentralized exchange activities. India currently imposes punitive taxes on cryptocurrency transactions and implements laws to curb speculative trading and illegal activities.
India rejects comprehensive cryptocurrency regulation, fearing systemic risks
PANews reported on September 10th that Reuters reported that Indian government documents indicate that India prefers to maintain partial oversight rather than comprehensive legislation to regulate cryptocurrencies, citing concerns that integrating digital assets into the mainstream financial system could trigger systemic risks. The document notes that regulating cryptocurrencies could confer "legitimacy," giving the industry systemic impact. Furthermore, a blanket ban on cryptocurrencies would fail to address peer-to-peer transactions and decentralized exchange activities. India currently imposes punitive taxes on cryptocurrency transactions and implements laws to curb speculative trading and illegal activities.
Market Opportunity
Comedian Price(BAN)
$0.07412
$0.07412$0.07412
USD
Comedian (BAN) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Fed Decides On Interest Rates Today—Here’s What To Watch For
The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
MicroStrategy Eyes New Bitcoin Milestone With Another Purchase
The post MicroStrategy Eyes New Bitcoin Milestone With Another Purchase appeared on BitcoinEthereumNews.com. Strategy Inc. (formerly MicroStrategy) has signaled
Share
BitcoinEthereumNews2026/01/19 03:32
$HUGS Buyers Already 4x Up
The post $HUGS Buyers Already 4x Up appeared on BitcoinEthereumNews.com. Crypto Projects Milk Mocha’s $HUGS coin sits at Stage 11 priced at $0.0008092. Prices climb
Share
BitcoinEthereumNews2026/01/19 03:00