India may release a discussion document on cryptocurrency regulation in June

According to Bitcoin.com, India may release a comprehensive discussion document in June aimed at developing regulatory regulations for cryptocurrency assets, which will draw heavily on guidance from the International Monetary Fund (IMF) and the Financial Stability Board (FSB). After the global acceptance of cryptocurrencies surged, especially with US President Trump expressing support for digital currencies, it marks a significant shift in policy, and India has also taken this measure. In India, authorities emphasize that any future regulatory decisions will be made after extensive consultation with stakeholders and analysis of the global framework. The Reserve Bank of India (RBI) remains cautious, warning of risks such as money laundering associated with cryptocurrencies and advocating for the launch of its own central bank digital currency as a controlled alternative.