India resists comprehensive cryptocurrency regulatory framework, fears systemic risks

According to Foresight News, government documents show that India tend not to enact laws that comprehensively regulate cryptocurrencies, but to maintain partial regulation because of concerns that the inclusion of digital assets in the mainstream financial system may pose systemic risks. The document cites the view of the Central Bank of India (RBI), saying that in practice, it will be very difficult to control cryptocurrency risks through regulation.
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