India’s Chandrasekhar Says No Issue With Crypto If Laws Followed

“There is nothing today that outlaws crypto as long as you follow the legal process. If you want to invest in crypto, make sure you go through the RBI, get your LRS eligibility, the dollars as per rules,” junior minister for information technology Rajeev Chandrasekhar said at an event Bangalore.

• The Indian government will put in place a “less prescriptive and more principle-based” legal framework
• The legal framework will include the proposed Digital Personal Data Protection Bill, the National Data Governance Framework, the amended IT rules and the upcoming Digital India Act, according to a PIB statement, citing Chandrasekhar’s comments ...