While India focuses on the application, other countries charge complete cryptography regulations. EU and United States legislation for stablescoins aims to regulate innovation while providing legal protections on consumers in parallel. Until strikes find a balance between tax and regulatory changes, it is late.
Failure to report Digital asset income could lead to heavy sanctions under revised laws on the taxation of cryptography. In the midst of repression, global actors, like Coinbase, seek to return to the Indian market, and some national defenders call for additional integration of cryptocurrencies, including proposals for a Bitcoin national reserve. It is not clear if India will maintain its banking and regulatory line.
