India is resisting the implementation of a comprehensive crypto framework due to concerns about systemic risks, according to Reuters.

The country’s reluctance to establish full regulatory guidelines for digital assets reflects ongoing apprehensions about the potential impact these technologies could have on the broader financial system.

India has maintained a cautious stance toward crypto assets, with policymakers weighing the benefits of innovation against potential threats to financial stability. The government’s position suggests continued uncertainty about how to effectively regulate the digital asset sector while managing associated risks.