Cryptocurrency Regulation: A Comparative Analysis of Indian Scenario

Abstract

In this paper, we describe the position regulation of cryptocurrencies in India and compare it with the worldwide regulatory framework. It analyzes the influence such regulations have on the Indian market, indicating the obstacles as well as opportunities. It emphasizes the importance of focusing on such measures which both stimulate the growth of new ideas and the strength of the market as well as the security of investors. This paper aims at providing guidance on how to improve India’s approaches towards the regulation of the cryptocurrency market through a comparative perspective.