Indian Experts Advocate Stablecoin-First Crypto Policy

Experts in India are suggesting India create rules for cryptocurrencies that focus on stablecoins first.

They point to the U.S. GENIUS Act, which treats stablecoins, like digital tokens backed by actual money, differently than other types of crypto.

This approach could provide clear rules, encourage new ideas, and protect people who use crypto.

Experts believe such a policy could lower the cost of sending money and save Indian users billions of dollars in fees.

By focusing on stablecoins first, India could create a solid foundation for the future of digital finance.