Quote from: GamerFlash on Today at 02:43:59 AM

It's good to see the government finally considering a discussion paper on crypto policies, but I can’t help feeling skeptical. We've been hearing about potential regulations for a while now and progress has been painfully slow. Engaging stakeholders like the Bharat Web3 Association is a step in the right direction but will the government actually listen?

It is already regulated to an extent as we are paying taxes and most exchanges operating in India are FIU compliant. Some details need to be worked out like exchange will be controlled and supervised by which governing body. Whether there will be any policy in regards to safeguarding the user funds on exchanges. Recently we saw WazirX got hacked but they have not done anything to refund the money that got stolen from their exchange for their users. We are the first country I guess in the world where the community has been paying taxes before regulation were in placed.