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Pushpendra Singh, crypto educator and blockchain enthusiast, reports that India’s Parliamentary Finance Committee has recommended regulating crypto through self-regulatory organisations until comprehensive legislation is in place.
This marks a significant step in India’s approach to crypto regulation, aiming to provide oversight and guidance while lawmakers work on a long-term legal framework.
Singh has previously tracked market trends such as a 9 percent premium for USDT over the official USD to INR rate, citing supply shortages and demand. He has also highlighted industry proposals urging Indian authorities to consider slab-based tax reforms and lower TDS on crypto transactions. These developments reflect ongoing efforts to address regulatory and taxation challenges in India’s crypto sector.