Global trends in cryptocurrency regulation could influence India’s budgetary decisions. The approval of the Bitcoin and Ethereum exchanges (ETF) funds (ETF) has increased institutional interest in digital assets. Countries such as water, Singapore and the United Kingdom have created Crypto user-friendly regulations to attract investments.
If India delays regulatory clarity, blockchain talents and capital can continue to migrate to the courts with better policies. An avant-garde approach could allow India to use blockchain technology for financial inclusion, digital payments and decentralized financial applications (DEFI).
