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India Resists Comprehensive Cryptocurrency Regulatory Framework, Fearing Systemic Risks

6 hours ago

September 10th. According to Reuters, government documents indicate that India is inclined not to enact a comprehensive law to regulate cryptocurrency. Instead, it is inclined to maintain partial regulation. This is because there are concerns that bringing digital assets into the mainstream financial system may pose systemic risks. The document cited the views of the Reserve Bank of India (RBI), stating that in practice, it would be very difficult to control the risks of cryptocurrency through regulation.
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