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bro, india delaying crypto regs is like waiting for a meme coin pump that never comes 🤡📉 when will they learn that the only
India’s regulatory hesitance towards cryptography reflects concerns over systemic risk: RBI’s caution underscores potential destabilization of efficient payment systems by cryptocurrencies, particularly stable
India’s delay in regulating cryptography stems from concerns over systemic risk: RBI warns of financial instability if cryptocurrencies are integrated, particularly with the potential impact of stable
TLDR 🚨 RBI warns about legitimizing cryptocurrencies, increasing financial risks in India. 🇮🇳 Despite taxes on gains and rules for exchanges, full regulation is delayed. 💰 Stablecoins may weaken UPI.
RBI cautions against integrating cryptocurrencies into India’s financial system, fearing disruption to efficient payment systems like UPI. 📉 Stablecoins’ market shocks could harm national finance. 🏛️ Prohibiting cryptocurrencies may not eliminate risks from peer trading.
India delays the regulation of cryptography in the midst of systemic risk concerns
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