What It Means for the Industry » World Business Outlook
India continues to strengthen its crypto regulatory framework with another piece of legislation. Under the new rules, all crypto exchanges, custodians, and intermediaries will be required to undergo regular cybersecurity audits in light of rising threats from hacks, fraud, and systemic vulnerabilities. The latest regulatory push reflects both India’s concern over its rapidly growing cryptocurrency sector and global efforts to impose stricter regulation on digital assets.
Why India Is Acting Now
India’s cryptocurrency sector has undergone massive expansion in recent years. It is estimated that there will be 123.35 million Indian crypto users by 2026. Compared to some other countries, the user penetration rate is still relatively low,…
