India, Oct. 2 -- Parliament's standing committee on finance might consider recommending additional measures for better transparency and monitoring of cryptocurrency, and may evaluate the Union government's current position on the sector.

Functionaries aware of the details told HT that, in the report the panel is now preparing, lawmakers might ask the government to bring in better technology to track crypto transactions, build more blockchain capacity to strengthen surveillance, and consult stakeholders on whether the country should maintain its current position on crypto assets. A blockchain is the shared digital ledger on which crypto transactions are recorded.

The panel, led by BJP lawmaker Bhartruhari Mahtab, has held eight meetings ...