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Country with largest crypto adoption won't bring law, fearing it could grant 'legitimacy'
Even though India leads the world in crypto adoption, the country's authorities are not keen to create legislation to regulate virtual assets. As per a recent Reuters report, India doesn't want to bring crypto regulation legislation and instead wants to maintain partial oversight because it fears the move could grant crypto assets "legitimacy." Reuters mentions a government document that cites the Reserve Bank of India's (RBI) view that it would be difficult to contain the risks posed by crypto through regulation. It also mentions that regulating crypto assets in India would grant them ... (full story)
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