India to Unveil Crypto Regulation Paper in September: DEA

India is set to unveil its crypto regulation paper in September 2024, led by the Department of Economic Affairs (DEA).

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The DEA’s paper will address key issues like taxation, investor protection, and the legal status of cryptocurrencies.

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With India's crypto market valued at over $1 trillion, these regulations could reshape the industry.

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The paper could introduce stringent KYC norms and transaction limits, impacting how investors trade.

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Crypto investors should prepare for potential changes to compliance and investment strategies.

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