Parliament panel may seek tighter crypto transaction monitoring
In short
A parliamentary panel in India is preparing a report on crypto rules and may suggest stricter monitoring of transactions. The committee has been studying virtual digital assets for over a year and has held more than half a dozen meetings.
This matters because it could shape how crypto is tracked and treated legally in India. The report is not out yet, so the final recommendation is still unknown.
What the reporting says
A parliamentary standing committee headed by Bhartruhari Mahtab is preparing a report on cryptocurrency regulation in India, with sources saying it may recommend how to monitor crypto transactions and what to do legally with digital assets. The panel has examined virtual digital assets for over a year and held more than half a dozen meetings, while recent PMLA notices have already been issued. The report has not yet been submitted, and final recommendations are still unknown.
Why it matters
A parliamentary standing committee headed by Bhartruhari Mahtab is preparing a report on cryptocurrency regulation in India and may recommend how to monitor transactions and what to do legally with digital assets. The panel has examined virtual digital assets for over a year and held more than half a dozen meetings, with recent PMLA notices already in place. The final report and recommendations are not yet public.