Indian Department of Corporate Affairs Changed Company Policy and Required Indian Companies to Disclose Cryptocurrency Transactions

According to FinanceMagnates, by next year (April 1) Indian companies will have to announce the cryptocurrency market. India's Ministry of Commerce on Thursday amended the third phase of the 2013 Companies Act to require state-owned and private companies to report their insurance policies on cryptocurrencies and other digital uses. According to their public statement, these companies present "the market gains and losses associated with cryptocurrencies or cryptocurrencies", "how much of the gains on the day of the announcement". in crypto / virtual currency ... requires virtual currency. "These companies are required to report these crypto transactions in their earnings and balance sheet. Indian companies have yet to announce their cryptocurrency investments, but many Public and private companies in the United States and Europe have invested heavily in digital titles, which will prompt the Indian government to comply with the advertising rules.