India’s Crypto Policy Leaves Market in Regulatory Gray Zone
India's cryptocurrency market is caught between growth and uncertainty as policymakers send mixed signals on regulation. The government confirmed that Virtual Digital Assets (VDAs) lack a dedicated legal framework but remain under surveillance through existing compliance measures.
Authorities are enforcing anti-money laundering rules and transaction tracking while withholding comprehensive legislation. This creates a paradox—trading continues, but investors operate without clear guidelines. The approach reflects deliberate caution rather than rushed prohibition or endorsement.