India is poised to introduce comprehensive regulations for the crypto sector, signaling the government’s commitment to establishing a regulatory framework for digital currencies. This initiative comes in the wake of Finance Minister Nirmala Sitharaman’s statement in October 2023, highlighting the need for unified crypto regulation among G20 nations. Sources familiar with the matter have revealed
Regulation
In a recent nationwide operation, German authorities seized $28 million in cash and shut down 13 crypto ATMs as part of an effort to combat unlicensed financial activities. The move, led by the Federal Financial Supervisory Authority (BaFin), is part of a larger initiative to enhance control over the rapidly growing crypto market in Germany.