India Resists Full Crypto Framework Over Systemic Risk Concerns

India is slowing off the implementation of a broad crypto legislation. The bone of contention for many officials is the timeline of the regulation. Many position holders have expressed concerns that implementing a complete framework too soon could put the nation’s financial system at serious risk. The aversion comes despite a growing cryptocurrency market in the nation. Additionally, regulators in the nation want to ensure better protections against fraud and criminal use of crypto before proceeding.