India set to release crypto discussion paper soon

India is in the final stages of releasing a comprehensive discussion paper on virtual digital assets (VDAs), which is expected to guide the country’s future regulatory approach to crypto, sources told Business Today TV.

According to senior government officials, the paper is nearly complete and will be published shortly for public consultation. It will outline a range of regulatory options and incorporate insights from global best practices, notably the joint synthesis paper by the International Monetary Fund (IMF) and the Financial Stability Board (FSB).