In this regulatory roundup, we cover a positive crypto story in India, China’s year-end rankings, and the European Central Bank entering the stablecoin race. We also cover the New York regulator’s proposed Bitlicense revision — the first in five years — and several other notable regulatory developments in the crypto space.
Also read: Regulatory Roundup – Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency
Crypto Is ‘Inevitable’ in India
As the Indian government is deliberating on the country’s crypto policy, a prominent member of India’s parliament, Dr. Subramanian Swamy, said that “cryptocurrency is inevitable.” His remark followed the statements made by the governor of the Reserve Bank of India (RBI) last week regarding cryptocurrencies and digital rupees. Dr. Swamy further said: “I advocate that India as an established super power in software should accept to make the transition to cryptocurrency.” He will chair a conference that will take place at UN India’s headquarters on Dec. 18 where cryptocurrency will be…