India is at a critical juncture for crypto regulation. While over 19 million Indians are crypto investors, with a projected market size of $6.4 billion by 2025, the regulatory stance remains ambiguous – legal to trade, but not legal tender.

Despite being a global leader in grassroots crypto adoption and digital public infrastructure (like UPI), India lacks a clear, principles-based framework. This regulatory uncertainty risks pushing talent and capital to more accommodating jurisdictions.

India's G20 presidency championed global crypto cooperation, adopting the IMF-FSB synthesis paper and a roadmap. With an FSB peer review approaching in October 2025, demonstrating clear regulatory intent is crucial. It's time for India to leverage its digital strengths and lead in shaping responsible global crypto standards, rather than lagging behind. #India #CryptoRegulationBattle #DigitalAssets