Cryptocurrency Regulations: The Indian Scenario

Abstract

Cryptocurrencies have become a topic of heated discussion globally, leading some countries, such as India, to contemplate prohibition due to perceived economic risks. However, the substantial financial interests involved and concerns raised by fintech entrepreneurs have compelled governments to consider regulating the cryptocurrency market. This research aims to delve into the historical trajectory of cryptocurrencies, scrutinize the legal complexities they present, and analyse the imperative for comprehensive regulatory measures. Furthermore, it will explore the international regulatory frameworks currently in place and emerging trends, with a particular emphasis on India's regulatory environment. This includes an examination of past developments, regulatory interventions, judicial rulings, and prospective trends within the country's crypto sphere.