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India and UK Officials Discuss Regulation of Crypto-Assets

Indian and British officials on Wednesday discussed the need for “robust global approaches” for dealing with crypto-assets and explored new areas for collaboration, including regulatory frameworks for pension funds.

India and UK Officials Discuss Regulation of Crypto-Assets
Draw an image in illustration and vorticist style. Category is Business and Title of the image is India and UK Officials Discuss Regulation of Crypto-Assets

The need for “robust global approaches” in dealing with crypto-assets was discussed by Indian and British officials in a meeting on Wednesday. Collaboration between the two nations was also explored, including possible regulatory frameworks for pension funds. India has been considering a ban on cryptocurrencies like bitcoin, while the UK has implemented a licensing regime for digital payment providers. Both nations are now seeking to develop a common approach towards regulating crypto-assets. They hope to create a regulatory environment that fosters innovation while also addressing risks to consumers and investors.

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