India Still Cautious Over Crypto, RBI Shelves Plans For Own Cryptocurrency

The situation in India regarding cryptocurrency is no clearer as we enter the new year. The government and central bank are clearly still very cautious towards the industry and are unlikely to make things easier in the near future.
No Specific Timeline
The Indian government has reportedly issued an update on its progress, or lack of, towards cryptocurrency regulation. Ministers are clearly in no hurry to finalize a timeline for a movement towards clearer regulation and acceptance of digital curr