India currently holds the presidency of the G-20, giving the nation powers to determine the agenda around discussions regarding global crypto rule-making.
The government's two taxes have cut usage of Indian crypto platforms, although interest in Binance has remained steady because that exchange is out of the country's jurisdiction.
Generally, 35% of central banks were more inclined to issue a CBDC despite recent events in crypto, the Official Monetary and Financial Institutions Forum said after surveying 18 entities.