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Significance:

6/10

Bureaucratic Stalemate Keeps India on Sidelines as Stablecoin Race Heats Up in Asia

https://decrypt.co/337827/indias-stablecoin-paralysis-risks-billions-agencies-trade-blame

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Vismaya V, Sebastian Sinclair

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Mentions

People	Aishwary Gupta, Suraj Sharma, Upmanyu Misra
Organizations	Polygon Labs, Reserve Bank of India, Ministry of Finance, Ministry of Electronics and Information Technology, Centre for Development of Advanced Computing, Central Board of Direct Taxes, Financial Intelligence Unit, Gate.io, Ripple

Regions

Code	Name
IN	🇮🇳IN
US	🇺🇸United States

Sentiments

Target	Sentiment	Comment
🇮🇳 IN	Bearish	Regulatory paralysis and bureaucratic confusion are stalling India's crypto ambitions.
🇺🇸 United States	Bullish	The US has clear regulatory guidelines for stablecoins, enabling major players to advance.
Polygon Labs	Bullish	Polygon is helping startups scale in different markets despite India's regulatory challenges.