According to PANews, India has not yet released a discussion paper on cryptocurrency policy as officials focus on other priorities. The document was originally scheduled to be released in September, but there is currently no timetable.

India, the world’s fifth-largest economy, has yet to enact comprehensive cryptocurrency legislation. Despite the fact that cryptocurrencies are unregulated, the country has imposed high taxes on them and requires cryptocurrency entities to register with the FIU-IND to comply with AML and terrorism financing standards.

Officials face pressing demands such as the annual meetings of the IMF and World Bank, as well as multilateral and bilateral meetings and election-year budget-setting tasks.