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With the presidency, India – which has passed what the local industry has criticized as a crippling tax regime, while the country’s central bank has called for a ban on cryptocurrencies – will now have a prominent role in framing global crypto regulation. As hosts, India will set the agenda for the year, identifying themes and focus areas for economic growth. India’s Finance Minister, Nirmala Sitharaman, had already said crypto will be part of the agenda, but this may be the first indication of it being a primary objective.
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