India's government orders companies to disclose crypto holdings

Cointelegraph

Published Mar 25, 2021 08:59AM ET

Updated Mar 25, 2021 11:20AM ET

While the legal status of cryptocurrencies remains undecided in India, companies in the country involved in virtual assets must now report their activities as part of their financial statements.

The new rule follows amendments made by the country’s Ministry of Corporate Affairs to Schedule III of the 2013 Companies Act.

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