Donald Trump’s administration took steps to mainstream crypto. The GENIUS Act, recognizing stablecoins, became law. This move impacts the global crypto market, with Bitcoin surging. Pakistan and Bhutan are also exploring crypto reserves. India, a major player, faces regulatory challenges. Stablecoins could benefit India’s remittance sector. India may adopt similar legislation for secure crypto use.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets