India: Lobbying Groups Are Pressuring the RBI to Reconsider its Anti-Crypto Policy

In India the crypto scene is not willing to give up in the battle against a government increasingly reluctant to accept these technologies. Following RBI’s decision to exclude crypto from the tests for its regulatory sandbox, an ever-growing number of actors are pressing against this move.

As previously reported by Ethereum World News, last month, the Reserve Bank of India published a document entitled “Draft Enabling Framework for Regulatory Sandbox. In it, they explained that they would study various technologies to assess their impact on the national economy and the need for regulation. However, they excluded cryptocurrencies because they considered them as “negative” adding that digital assets provide nothing new to The Economy.

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