India’s Crypto Policy at a Crossroads

[etfs]

A government move to regulate stablecoins would mark a major departure from India’s historically anti-crypto stance, potentially legitimizing digital assets and boosting adoption. Officials, however, continue to cast doubt on “unbacked” cryptocurrencies, with Commerce Minister Piyush Goyal warning that most crypto lacks sovereign backing or intrinsic value.

[Nahid Hossen]

India is balancing innovation with control — the next steps will define everything. ️

[Abdul Khan]

A clear framework could turn India into a major crypto hub.