The meeting is anticipated on November 15 in New Delhi.
Government officials have invited top crypto stakeholders for a meeting. Several crypto-based companies including Coin Switch Kuber, CoinDCX, WazirX, and Crypto Assets Council (BACC) among others will be part of the meeting. The Parliamentary Standing Committee on Finance will be serving as host for the conference that is slated to be held on November 15. An official notice informing concerned parties about this meeting has been released by the Lok Sabha Secretariat.
The political and industry biggies are expected to discuss at length, the kind of impact that cryptocurrencies can have on the Indian currency and overall economy, according to reports.
India’s federal finance ministry has been working on ways to structure the crypto-space and has formed a new committee to find out if income made by cryptocurrency trading could be taxed.
Meanwhile, Indian finance minister Nirmala Sitharaman has been overseeing the draft formulation of the cryptocurrency bill which will be presented before the parliament later this year.
The Reserve Bank of India (RBI) is also working on launching its official digital currency as a regulated “central bank digital currency (CBDC)” by the end of 2021.
Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice.