India has been one of the major advocates for establishing global crypto regulations, and similar sentiments were echoed at the G20 summit in 2023. The RBI has historically maintained a cautious approach regarding cryptocurrencies, however, has strategized the establishment of a countrywide blockchain ecosystem in December 2021. The central bank has also proposed crypto regulations through a report in 2023, where it emphasised prohibition, containment and regulations. It also advocated for a worldwide collaborative approach to achieve the same, a proposal that was tabled at the G20 summit. #BinanceSquareFamily #CryptoNewss