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.
Today: December 1, 2023