India Leads Crypto Adoption, but Policy Remains Unclear
India leads global crypto adoption, boasting over 100 million users. Though, its policy stance is split. The government encourages a state-backed digital currency while being wary of private,unregulated assets.
recently, two key ministers offered contrasting views. Commerce Minister Piyush Goyal stressed that India does not endorse cryptocurrencies without sovereign backing. he hinted at heavy taxation on such assets. Meanwhile, Finance Minister Nirmala Sitharaman acknowledged the transformative potential of stablecoins but urged caution.
On October 6, Goyal, speaking in Doha,
