Reuters: India Revisits Cryptocurrency Stance Due to Global Policy Shifts

BlockBeats News, February 3rd, according to Reuters, India's Economic Affairs Secretary Ajay Seth stated in an interview that due to other countries' changing attitudes towards cryptocurrency, India is re-evaluating its stance on cryptocurrency. This review comes after U.S. President Trump announced a crypto-friendly policy, potentially further delaying the release of the cryptocurrency discussion paper originally scheduled for September 2024.

Ajay Seth said, "Not just one or two jurisdictions have changed their stance on cryptocurrency in terms of usage, acceptance, and the importance of viewing crypto assets. In this process, we are once again reviewing this discussion paper." He mentioned that since such assets are "not limited by borders," India's stance cannot be one-sided, but did not specifically reference the U.S.