Crypto
US Set to Vote on CLARITY Act as India Falls Behind in Crypto Regulation
The US Senate is set to vote on the CLARITY Act on September 15, introducing comprehensive crypto regulations and bringing much-needed clarity to the market.
Meanwhile, India has over 66 million cryptocurrency owners but lacks clear regulations, lagging behind other countries in the global crypto race.
The CLARITY Act aims to provide a framework for digital assets, addressing issues such as taxation and anti-money laundering rules.
However, India's cautious approach to crypto has hindered its progress in creating a comprehensive regulatory framework, unlike other countries like Japan, South Korea, and Singapore.