💨 Abstract

India is reevaluating its approach to cryptocurrencies due to changes in other countries' attitudes towards virtual assets, particularly the U.S. under President Trump. The review may delay the release of a discussion paper on cryptocurrencies initially scheduled for September 2024. India's Economic Affairs Secretary Ajay Seth stated that because cryptocurrencies are borderless, a unilateral stance is not viable.

Courtesy: theprint.in

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