- India reviews crypto policies due to the global shift toward digital asset acceptance.
- Despite high taxes, India leads global crypto adoption, ranking #1 in 2024.
- India considers multiple regulators to oversee cryptocurrency trading.
India’s government is reassessing its position on cryptocurrency, possibly changing its regulatory framework in response to the shifting global stance toward digital assets. This review could impact the country’s crypto adoption rate, which has remained strong despite the challenges faced by strict regulations.
The Indian government’s reassessment comes when other nations, notably the United States, have adopted more crypto-friendly policies, fueling debates about how India should regulate the rapidly growing digital asset sector.
A New Discussion Paper on the Horizon
Ajay Seth, India’s Economic Affairs Secretary, confirmed in a recent Reuters interview that the country is actively reviewing its approach to crypto assets, noting the shift in attitudes from other jurisdictions regarding the usage and acceptance of digital assets.
The move is part of a global shift in which nations ranging from the U.S. to others have ea…
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