No timeline fixed for Virtual Digital Assets regulation, says MoS Finance

On Monday, the Minister of State for Finance, Pankaj Chaudhary, told the Lok Sabha that no specific timeline has been finalised by the Central Government for the comprehensive regulatory framework for Virtual Digital Assets (VDA) in India.

Responding to questions put by two Members of the Parliament on the steps for a regulatory framework and time frame, Chaudhary mentioned that VDAs, by nature, are borderless, and hence international cooperation is essential to avoid regulatory arbitrage.