• India will reassess its cryptocurrency policies amid global adoption and shifting international stances.
• Jio Platforms’ launch of JioCoin signaled growing domestic engagement with blockchain technology.

As global cryptocurrency adoption accelerates, several nations are reevaluating their stance on digital assets.

This shift has gained momentum following Donald Trump’s presidential victory and his vision of establishing a ‘Strategic Bitcoin Reserve’.

Bitcoin [BTC ($96,573.88)]’s historic surge past the $100,000 mark has also intensified discussions on regulatory frameworks.

However, this evolving landscape has also led to delays, including a postponed discussion paper on cryptocurrencies that was initially scheduled for release in September 2024. 

India’s crypto push

Amidst this India is reassessing its cryptocurrency policies remarking on which, India’s Economic Affairs Secretary Ajay Seth said, 

“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.”

Seth further emphasized that cryptocurrencies “don...