While the Indian government is still considering a ban on crypto, it is tightening existing regulation. The Indian Ministry of Corporate Affairs (MCA) has announced on Wednesday that all companies incorporated in India are obliged to disclose any holding or dealings in cryptocurrencies or virtual currencies in their financial statements filed with the Registrar of Companies (RoC), effective April 1 when the financial year 2021-2022 begins.
Source: Igaming
Indian companies must disclose crypto holdings, effective April 1
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