🚨BREAKING: 🇮🇳 India won’t bring a full crypto law, says it could create systemic risks & hurt UPI. 🔑 Key takeaways: Regulating crypto may legitimize it & make it systemic A ban won’t stop peer-to-peer or DEX trades Stablecoins pegged to the US dollar could fragment India’s digital payments & weaken UPI Govt uses heavy taxes to discourage speculative trading Indians hold about 4.5B in crypto — not yet a systemic risk India is sticking with partial oversight + taxation, not full regulation. Source: Reuters(Crypto India)