News report on Indian password policies and regulationsThe Indian government elaborated on the importance of joint advocacy around the world, which is actually a description of the urgent need for password regulation in India. Interestingly, the report also mentions the effectiveness of encrypted property trading centers, wallet service providers and encryption groups in the digital currency ecosystem. It says such entities require customers to trust dense entities rather than the idea of decentralization on which encrypted money is based. The government expressed its view that there is a lack of global standardization of encryption property that is not encouraged.

Uncertainty of password sales market

While the 2023 Economic Survey report acknowledges that the world's response to cryptocurrencies has evolved, it further expresses concern about lack of regulation. The Indian government describes encrypted property as a digital currency that uses encryption technology to implement. With the recent sharp rise and fall, the password sales market has fallen from $300 million to $100 million in just 14 months, the report said.

"the cryptographic ecosystem is geographically ubiquitous, and a common regulatory approach to this unstable tool must be adopted."

Is this Lido news, too?

Against a backdrop of India's reluctance to embrace the password market in recent years, India's recent call to create a bridge advocated by regulators around the world is encouraging in many ways. In fact, the government has already mentioned empirical studies on how EU countries, Japan, Germany and Switzerland, the United States, the Republic of Montenegro and Nigeria regulate the password industry. India says regulators are finding it difficult to track problems in fast-growing areas of China and Australia, perhaps in order to confirm in China that its slow and conservative approach is justified.

It explains that the establishment of a new intermediary entity that will not be regulated faces difficulties at the regulatory level. In addition, it also illustrates the problem of capital-intensive password dolphins. The report adds that about 85 per cent of commodity circulation BTC is owned by 4.5 per cent of entities.

Tax cuts?

In addition, the Indian cryptographic community is looking forward to receiving tax relief in the upcoming cost budget report. Although all hopes of mitigating the future are not high, all further responses to the position of the host country will also receive high attention. Or is there anything unexpected?