The publication of India's cryptocurrency discussion paper has been delayed as government officials focus on other pressing priorities. Initially expected to be released by September, the document's publication has been put on hold due to competing demands, including the country's budget and upcoming international meetings. Although India lacks comprehensive cryptocurrency legislation, the discussion paper is still intended to be published, but no timeline has been set. The delay is attributed to more urgent matters, such as the 2024 IMF and World Bank annual meetings, multilateral and bilateral meetings with other nations, and the election year budget.
Additionally, a recent hack of an Indian cryptocurrency exchange did not prompt authorities to expedite crypto legislation, as it is no longer considered a pressing issue.