India backs off crypto legislation, cites fear of systemic risk

India has dropped plans to pass any law to regulate crypto, choosing instead to keep watching the sector from a distance. According to Reuters, a government document drafted this month says officials are afraid that regulating crypto would give it legitimacy, and that move could eventually make it a threat to the country’s financial system. […] source: https://www.cryptopolitan.com/india-backs-off-crypto-legislation/