Analyst: 2024 Indian general election not expected to immediately impact cryptocurrency policy

The 2024 Indian general election is not expected to immediately affect cryptocurrency policies, and its current restrictive rules are expected to continue to be enforced during the upcoming parliamentary term, with election results expected to be announced on June 4, 2024. Several industry analysts have told CoinDesk that they expect no changes to cryptocurrency policies after the next legislature is elected, which will result in the continued implementation of rules that stifle the country's digital asset ecosystem in the short term.