The Indian government recently revealed to the Lok Sabha (lower house of Parliament) that there is no set timeline for introducing comprehensive regulatory guidelines for digital assets. The statement follows questions from two Members of Parliament regarding the actions to establish a structured framework for regulating these assets and an expected timeline for implementing such policies.

In its response, the government highlighted ongoing consultations with both industry stakeholders and international organizations. The discussions conducted informally and formally underscore the belief that effective regulation of virtual digital assets (VDAs) requires…

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