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Economic Survey 2023 pitches for widespread strategy to manage crypto market

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Economic Survey 2023 Pitches For Common Approach To Regulate Crypto Market

The survey highlighted considerations with crypto asset exchanges, pockets suppliers, and crypto conglomerates

January 31, 2023 / 01:36 PM IST

The Economic Survey 2023 has strongly pitched for a typical strategy for regulation of personal cryptocurrencies, saying that an unregulated crypto market is difficult the monetary methods all over the world.

“The fact that they are yet largely unregulated is a cause for concern globally,” mentioned the Survey tabled in Parliament on January 31.

Monitoring and regulating cryptocurrencies have been difficult, and regulators the world over discover it difficult to maintain monitor of the brand new and rising points within the fast-moving uncharted discipline, the survey confirmed.
The RBI has been cautioning about excessive dangers of cryptocurrencies and has even known as for a ban of such property citing its systemic dangers.

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