India plans to finalize its stance on the legality of cryptocurrencies in the first quarter of 2023 to comply with FATF requirements

Chain Catcher news, the Indian government plans to finalize its stance on the legality of cryptocurrency by February to March 2023, and to comply with the Financial Action Task Force (FATF) requirements by May. In addition, Outlook India reported on Monday, citing a senior government official, that a report from the Financial Stability Board (FSB) is expected to be released in October, which will help the Indian government decide whether to ban cryptocurrency trading or to provide a legal framework for handling cryptocurrency transactions in India. (Bitcoin.com)