India Won't See Crypto or Web3 Bill for Another 18 Months, Senior Lawmaker Tells CoinDesk
Summary
India is unlikely to introduce a crypto or Web3-specific legislative bill until mid-2025, according to Jayant Sinha, a senior politician overseeing the nation's financial evolution. Sinha cited several reasons for the delay, including the need for evolving use cases, global standards, and the aftermath of recent regulatory actions against FTX and Binance. Instead of a bill, India is expected to rely on policy decisions that align with global recommendations. Sinha also highlighted India's concerns regarding capital controls and the feasibility of enabling crypto assets. However, he encouraged the audience to propose a white paper or regulatory framework for consideration.
