Economic Affairs Secretary Ajay Seth on Monday said a consultation paper on cryptocurrencies has been finalized and will be submitted soon.
A lot of consultation has been done from both domestic and other participants, Seth said on the sidelines of an event organized by the Finance Ministry.
He also said that a global response is needed to deal with the challenges posed by crypto.
On the economy, Seth said despite the challenging environment, India would still be the fastest-growing large economy in the world.
(With PTI inputs)