India has postponed its much-anticipated cryptocurrency policy paper indefinitely due to the Reserve Bank of India’s concerns over systemic risks from crypto and stablecoins. The finance ministry had been working on the paper since 2023 to outline potential benefits and regulatory guidance. Officials say current measures, including taxation on digital assets and anti-money laundering monitoring by the Financial Intelligence Unit, are sufficient for now, while the government shifts its focus to promoting the Digital Rupee.
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