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What does the road ahead for cryptocurrencies look like in India? India emerged as the fastest-growing crypto market in the world this year. A Bill to regulate it remained a work in progress. So, what's puzzling the government? And how was the year 2021 for cryptos?
Another year has gone by without India getting a firm hold over how to regulate cryptocurrencies. The divide between the government and the Reserve Bank of India persists. The RBI is concerned that cryptocurrencies pose financial risks to the country’s macroeconomic stability. The government, however, is reportedly looking at a more accommodative approach, rather than a ban on all private cryptocurrencies. We don’t know yet what’s inside the proposed Bill to...read more