India is reviewing its stance on cryptocurrencies due to shifting attitudes towards the virtual asset in other countries.
The review, which follows crypto-friendly policy announcements by U.S. President Donald Trump, could further delay publication of a discussion paper on cryptocurrencies that was due for release in September 2024.
"More than one or two jurisdictions have changed their stance towards cryptocurrency in terms of the usage, their acceptance, where do they see the importance of crypto assets. In that stride, we are having a look at the discussion paper once again," India's Economic Affairs Secretary Ajay Seth said in an interview.
Seth said that because such assets "don't believe in borders", India's stance cannot be unilateral.
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