India’s Crypto Dilemma: Balancing Risks with Growth

India is taking a cautious approach to cryptocurrency regulation, leaning towards limited oversight rather than an outright ban. A recently released government document reveals this stance, citing the Reserve Bank of India’s (RBI) concerns about the practical difficulties and potential unintended consequences of fully regulating crypto assets. The report emphasizes that while a complete ban might address speculative trading risks, it would prove ineffective in curbing peer-to-peer transactions or activity on decentralized exchanges.