India has supported the FSB’s standards for regulating cryptocurrencies

In late 2022, India called on G20 partners to accelerate the implementation of a global regulatory framework for the digital currency market.
According to the country’s authorities, common regulatory standards should serve as the main guidelines for those jurisdictions that have decided to bring operations with virtual assets out of the shadows and launch licensing of crypto exchanges and platforms.
India has proposed to use the standards developed by the Financial Stability Board (FSB).

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