A parliamentary panel may recommend tighter monitoring of cryptocurrency transactions and wider consultations on the legal treatment of digital assets in India as it prepares a report after examining the sector for more than a year, according to a person aware of the matter.
The Parliamentary Standing Committee on Finance, headed by BJP MP Bhartruhari Mahtab, has examined various aspects of Virtual Digital Assets (VDAs), a legal term covering cryptocurrencies and non-fungible tokens (NFTs), and held more than half a dozen meetings on the issue.
