India’s Stagnation in Stablecoin Regulation Risks Leaving Fintech Industry Behind

While the global landscape rapidly embraces stablecoin regulations, India finds itself caught in a bureaucratic standstill, jeopardizing its burgeoning fintech ecosystem. Despite acknowledging the need for regulatory clarity, no unified framework has been implemented, leaving the Indian crypto and finance sectors in uncertainty. This delay contrasts starkly with regulatory progress in other major economies like the U.S., UK, EU, and Singapore, where bodies have introduced or proposed clear guidelines for stablecoins. As a result, India risks falling behind in the digital finance arena.