The Confederation of Indian Businesses (CII) urges the government to treat crypto tokens as a special category of "security."

On December 9, the Economic Corporation of India (CII) approved that the government treat crypto characters as a special "security" group. The CII also indicated that the government should decide to set up a meeting on behalf of the administration, legislators and other stakeholders who can agree on issues related to the new heritage. CII recognizes that cryptographic devices do not comply with existing security regulations. Instead, new procedures are needed with less determination and more impact on the mind. This means that the goal of governance is primarily commerce and supervision rather than advertising. The government will establish intermediary stock exchanges and central agencies in accordance with the Securities and Exchange Commission (Sebi) of India, the regulatory body, in accordance with KYC and applicable laws. the blocking of financial transactions is linked to financial transactions. (EconomicTimes.IndiaTimes)