India resists full crypto framework, fears systemic risks, document shows

India resists full crypto framework, fears systemic risks, document shows

India is leaning towards not creating legislation to regulate cryptocurrencies in the country and instead will maintain partial oversight, fearing that bringing the digital assets into its mainstream financial system could raise systemic risks, a government document shows. The document, seen by Reuters, cites the Reserve Bank of India’s (RBI) view that, in practice, containing […]

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India’s top crypto app CoinSwitch calls for regulatory ‘peace, certainty’

India’s top crypto app CoinSwitch calls for regulatory ‘peace, certainty’

India must establish rules on cryptocurrencies to resolve regulatory uncertainty, protect investors and boost its crypto sector, CoinSwitch CEO Ashish Singhal said on Sunday. Although India’s central bank has backed a ban on cryptocurrencies over risks to financial stability, a federal government move to tax income from them has been interpreted by the industry as […]

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