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India's Position in the Global Crypto Landscape
India's domestic UPI and India stack for payments and identity has significantly improved over the years, making domestic and international communication seamless. The country's legal status and thriving crypto community have made crypto transactions popular. Crypto platforms like Bitcoin and Ethereum have revolutionized international wires and made India more accessible as a market. However, the Reserve Bank of India is concerned about domestic control and sovereignty with regard to the digital rupee, while crypto gains more traction internationally.