Consultation paper on cryptocurrency soon, says DEA secy Ajay Seth

He said that India was also engaging with other countries for global regulations on cryptocurrencies, and India's role in such actions

The finance ministry has nearly completed its work on a planned consultation paper on cryptocurrency, and will submit the document soon, Economic Affairs Secretary Ajay Seth said on Monday.

Speaking at an event, Seth also said that India was better poised than other nations to deal with global inflationary headwinds and that inflation was expected to moderate in the coming months due to steps taken by the Centre, including cutting excise duties on petrol and diesel.

“The consultation paper is fairly ready. We have gone through a deep dive and consulted not just domestic stakeholders but also multilateral institutions like IMF and