BREAKING: 🇼🇳 Indian crypto industry is still too small and the government sees no urgency to fast-track regulations.

Key points:

‱ India has high user adoption but weak developer activity compared to Japan, South Korea and the UAE.

‱ Domestic VC funding has dried up due to regulatory uncertainty and most web3 funding now comes from global players and Indian exchanges.

‱ Exchanges say crypto must solve real daily-life problems before regulation becomes a government priority.

Source: Moneycontrol.$BTC

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