India's Finance Committee hears Economic Affairs Dept on VDAs; chairman says government does not want to regulate crypto, response due next week

Parliamentary Standing Committee on Finance Chairman Bhartruhari Mahtab says the government does not want to regulate virtual digital assets (VDAs), but warned that leaving them unregulated could create greater scope for "different types of indulgences." The Lok Sabha Finance Committee is hearing the Department of Economic Affairs and questioning the Finance Ministry on VDAs today, and the government's official response is expected next week, after which the committee will prepare and submit its report.

Detected & updated continuously · Source: Nebula