India may form a new committee to study the possibility of regulating crypto: Report

Quick Take

  • The government of India reportedly may form a committee to study the possibility of regulating crypto in the country.
  • The new committee could suggest ways to regulate crypto as digital assets instead of currencies.

A change of heart? According to reports, the government of India may form a panel of experts to study the possibility of regulating cryptocurrency in the country.

The Economic Times reported the news on Tuesday, citing "three sources privy of the discussions." The discussions are said to be at an early stage, and no formal commitment has been made yet.

The new committee could suggest ways to regulate crypto as digital assets instead of a currency. This view has commonly been shared by crypto exchange operators in India, as The Block reported recently.

India's previous crypto committee, which was headed by former finance secretary Subhas