Consultation paper on crypto almost ready; to be submitted soon: DEA Secretary Ajay Seth

Department of Economic Affairs (DEA) Secretary Ajay Seth on Monday said a consultation paper on cryptocurrencies has been finalised and it will be submitted soon.

A lot of consultation has been done from both domestic and other participants, Seth said on the sidelines of an event organised by the Ministry of Finance.

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He also said that a global response is needed to deal with the challenges posed by crypto.

On the economy, Seth said despite the challenging environment, India would still be the fastest-growing large economies in the world.