India's cryptocurrency policy is currently facing significant uncertainty, often described as being in "regulatory limbo." To address this situation, experts suggest the need for a "rights-first" framework that would grant citizens "constitutional-level" rights regarding self-custody of their digital assets.
This regulatory impasse has left many in the cryptocurrency sector in a state of confusion, as policymakers continue to depend on existing laws following a Supreme Court decision that overturned a ban imposed by the central bank.
To foster a clearer and more effective regulatory environment, stakeholders are advocating for a comprehensive approach that prioritizes the rights of individuals in managing their cryptocurrency holdings.
