India’s regulatory ecosystem for digital currencies remains a study in contrasts. While the country claims the world’s highest grassroots cryptocurrency adoption rate, as highlighted in Chainalysis‘ 2025 Global Crypto Adoption Index, policymakers continue to favor Central Bank Digital Currencies (CBDCs) like the digital rupee (e₹) over decentralized cryptocurrencies.This preference stems from concerns over financial stability, illicit activities, and monetary sovereignty, even as crypto transactions face st ...