Updates on cryptocurrency issues in India as of July 2024

- India is continuing to develop its crypto regulatory framework, learning from the experiences of the United States.

- A total of 20 cryptocurrency hacking attacks led to a loss of $176 million in June 2024.

- Despite the US SEC approving BTC and ETH ETFs in January 2024, the crypto market is still vulnerable to hackers.

- The frequency of crypto hacks has decreased by 54.2 percent compared to May 2024.