Breaking: India Bullish On Crypto Regulation With Latest Economic Survey?

India crypto regulation news: In what comes as a much needed explanation around crypto regulation in India, the country’s authorities highlighted the need for common global initiatives. Interestingly, the report also mentioned the role of crypto asset exchanges, wallet providers, and crypto conglomerates in the digital assets ecosystem. It said these entities are requiring users to trust centralized entities, as opposed to the idea of decentralization cryptocurrencies are based on. The government expressed its views on the lack of global standards for unbacked crypto assets.