Mercurial on crypto: Will India’s latest stance lead to positive regulation?

For most of the last decade, India’s stance on cryptocurrencies has been uncertain, to say the least. The current soft ban is hurting the country’s potential every day, but recent reports suggest the country is having second thoughts.

In March this year, a notification published by the Ministry of Corporate Affairs stated that companies dealing in cryptocurrencies would have to disclose their holdings to the government in financial statements. Crypto-holding companies will also have to disclose total profits and losses, as well as any deposits or advances received from other traders and investors.

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