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India seems to be hesitating about cryptocurrencies 🇮🇳🤔
The comprehensive regulation of cryptos in India is still pending. Other countries are moving faster. The United States, for example.
The Indian government does not want to take too many risks. It fears problems if cryptocurrencies mix with traditional finance. Partial oversight, for now.
Trump pushed rules in the U.S. India is not convinced. Regular could give them "legitimacy," they say. Curious.
Crypto platforms operate if they are registered locally. The Reserve Bank warns. Trading comes to a halt.
Indians invest the same. About $4.5 billion in cryptos. The government does not see it as serious, for the moment.
Dollar stablecoins are a concern. They could affect the UPI system. India wants to protect its digital payments.
What will happen with cryptocurrencies in India? Nobody knows. The country is watching the world and waiting. The future is blurry 🌍🔮