India will release its crypto discussion paper by July.

Key points:

-> The main focus will be on stablecoins (like USDT & USDC).

-> The paper won’t give final rules—just ideas for now.

-> A team led by the Department of Economic Affairs is preparing it.

-> This is just the first draft. 2-3 more versions expected after public feedback.

-> The paper may follow the U.S., where a stablecoin law was just passed.