Think tank Policy 4.0 proposes a wallet-based approach to regulating crypto assets in India - Aliens: AI Crypto News & Markets Updates

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Think tank Policy 4.0 proposes a wallet-based approach to regulating crypto assets in India

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Aliens

Tue, Nov 23, 2021

The Indian government and crypto experts recently held talks on how to advance crypto assets in India. According to reports, the Indian government is considering regulating encryption as a commodity rather than a currency. Policy 4.0 is an emerging technology think tank. It proposes a wallet-based solution for India to deal with a series of regulatory risks faced by the government in terms of encrypted assets. The report suggested that India should establish its own "Indian wallet" to solve some problems. These include KYC, the inflow and outflow of encrypted assets, and currency issues. The advisory board of Policy 4.0 includes Ashima Goyal, a member of the Monetary Policy Committee of the Reserve Bank of India (RBI). Sandeep Parekh, the founder of Finsec Law Advisors and a former official of the Securities and Exchange Commission of India (Sebi) is also part of the advisory board.

Source: Livemint

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