🇮🇳 The Reserve Bank of India is once again against crypto — caution or pressure?
1️⃣ The Reserve Bank of India (RBI) has once again emphasized its cautious stance on cryptocurrencies, citing the threat to financial stability.
2️⃣ Despite the opposition from the Supreme Court, authorities are developing a new regulatory document that may be presented as early as June.
3️⃣ A new regulatory framework has been introduced, focusing on transparency, analysis, and ongoing audits — a course towards strict regulation.
📉 India is one of the largest crypto markets, and such steps could impact the global dynamics of DeFi and stablecoins.
💬 Do you think India is overreaching with its control? Or is this a necessary step?
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