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India Stalls Full Crypto Framework, Citing Systemic Risk Fears: Report
Yahoo Finance·2025-09-10 23:35

India is leaning against introducing a comprehensive crypto law and will instead maintain partial oversight of the sector, a government document shows. Officials fear that integrating digital assets into the country’s mainstream financial system could heighten systemic risks. The document, prepared this month and reported by Reuters, shows the Reserve Bank of India’s (RBI) longstanding skepticism. The central bank argued that effective regulation would be difficult in practice and that granting cryptocurr ...