A recent Reuters report reveals that India is leaning toward avoiding the establishment of a comprehensive legislative framework for regulating cryptocurrency, which is in stark contrast to countries like the United States.

Instead, the Indian government plans to maintain partial oversight, driven by concerns that fully integrating digital assets into the mainstream financial system could pose alleged “systemic risks.”

India Delays Crypto Legislation

A document reviewed by Reuters details the Indian government’s perspective and reflects the views of the Reserve Bank of India (RBI). The document argues that effectively managing the risks associated with cryptocurrencies through regulation would be challenging.

The global acceptance of cryptocurrencies has grown significantly

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