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India Resists Full Crypto Legislation, Prefers Limited Oversight — Report
India leans against a complete crypto law, proposing limited regulation amid systemic-risk concerns.
A government document suggests India is avoiding a full-blown crypto law, instead favoring limited regulation. The Reserve Bank of India reportedly warned that a formal law could grant cryptocurrencies legitimacy and pose systemic risk. Under the current approach, global exchanges may be required to register locally and face strict checks, but cryptocurrencies themselves won’t be fully regulated under a dedicated law — at least for now.