TechCrunch: India to Prioritize Encryption Regulatory Framework During G20 Presidency and Explore Prohibition Possibilities

According to TechCrunch, India will prioritize developing a global regulatory framework for unsecured crypto assets, stablecoins and decentralized finance during its G20 presidency, and will explore “the possibility of banning them.” The Reserve Bank of India issued a report stating that crypto asset volatility is highly volatile and exhibits a high correlation with stocks, which contradicts the industry’s claim that “digital assets have the advantage of fighting inflation and are an alternative investment.” .