India's Cryptocurrency Regulation: Opportunities and Difficulties

Abstract

Cryptocurrency has emerged as a disruptive financial technology, offering decentralized and 
borderless transactions. However, the regulatory landscape in India remains uncertain, with 
evolving policies and debates on its legality and impact on the economy. This study explores the 
challenges and opportunities in Cryptocurrency regulation in India, analyzing the government’s 
stance, RBI policies, and global best practices. The research is based on qualitative and quantitative 
data, providing insights into how regulations can be structured to foster innovation while mitigating 
risks. The study concludes with policy recommendations to create a balanced regulatory 
framework.