I am not expecting a regulation from the Indian government till next year.
Every political part in India focused more on the next election, how to buy the candidate, how to aggravate the people with religion etc. Hopefully the next generation will not fall for this non sense abd will pick the right leaders and policy makers.
regulations won't stop financial crime if they were effective then many fiat currencies fraud would have stopped.
Because the laws aren't strict enough, which is why criminals are not hesitant to break them because they know with money the justice can be bought in our country.
The ones committing crime should think 10 times before committing the crime and creating such laws should be the goal for the Supreme Court.
If we can policies that will make this happen then India will surpass every other country in every aspects especially economically because we know we have all the resources we need.
I assume we can expect an answer from the government in regard to regulation soon. Time to just wait and watch.
This is really good news but the answer will be most likely we are working on it then it will be buried.