High time for India to embrace the crypto future Asia Times

India should use its 2023 G20 presidency role to advance the cryptocurrency regulation agenda in order to shore up the burgeoning global market and reap the economic rewards for itself.

But this would be quite the turnaround as chaos seems to reign supreme in India over the subject of digital currencies. The deputy governor of the countrys central bank has called for them to be banned, but the government has not yet been able to write, let alone pass, legislation on the issue.

This week, speaking at an event, Union Minister of State for Electronics and Information TechnologyRajeev Chandrasekhar said: There is nothing today that outlaws crypto as long as you follow the legal process.