Cryptocurrencies: No big crypto call for now, India to talk on regulation
NEW DELHI: The government does not appear to be in a hurry to decide on the way forward for cryptocurrency assets. A senior official said on Sunday that India will hold extensive consultation with other countries before coming to any decision.While a joint paper prepared by the International Monetary Fund and the Financial Stability Board had suggested that a ban won't work, it had proposed a detailed roadmap for regulating cryptocurrency.But regulation may also mean that crypto issuers and exchanges will have to rework the model that they have operated in. For instance, the officer said a structure like the stock markets may have to be adopted to split the activities of a crypto exchange and align them with how a stock market works with a clearing house, depositories and other intermedia...