RBI
RBI Clarifies FEMA Rules for Crypto Asset Transfers; Exchanges Get Relief
The Hindu BusinessLine
AI Summary
The RBI issued a clarification under FEMA guidelines classifying crypto asset transfers as permissible current account transactions, removing ambiguity that had restricted institutional participation. Crypto exchanges can now facilitate cross-border transfers through authorized banks. This clarification is expected to bring an estimated ₹15,000 crore in institutional capital into the Indian crypto market. Source: The Hindu BusinessLine.
Generated by Straico · Source: The Hindu BusinessLine