FSDC members demand a fast-tracking decision decision on the legality of cryptocurrencies

The Financial Stability and Development Council (FSDC) reportedly discussed the current status of cryptocurrency assets in the country and called for a quick decision on their legality.

"The Council meeting's key agenda item was the status of crypto assets." "It was of the opinion that all ambiguities should be resolved as soon as possible," a Business Standard official said. The Council stated that it wishes to make a final decision on the matter and has sought a collaborative solution to the problem. The FSDC members also called attention to India's failure to follow FATF guidelines on crypto assets.

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