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Laws and regulations for foreign exchange should be amended if needed to cover crypto alongside traditional assets, the global stability watchdog said.
Union Finance Minister Nirmala Sitharaman also highlighted India's performance in the digital world and the increase of the digital adoption rate in the country during pandemic.
The regulator's guidance means the balance sheets of publicly traded firms with crypto in custody could grow hugely.
While crypto-assets like bitcoin remain a small part of the financial system, data gaps make it difficult to assess their full use and many investors don't fully understand what they are buying, Financial Stability Board said
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