India can follow El Salvador's lead and restrict the entire trading platform to create an official crypto wallet.

According to a December 10 press release, India is expected to announce a cryptocurrency update soon. According to the new data, India may restrict the trading of trading platforms while restricting the privacy and anonymity of its portfolio owners. According to India's "Trade Times", the Indian government can follow El Salvador's standard in introducing cryptocurrency wallets, which will be more beneficial for private money wallet providers. Taking El Salvador as an example, after deciding on Bitcoin as a fiat currency, he launched the national cryptocurrency wallet, Chivo. Moreover, according to the latest news, the Indian government will decide which cryptocurrency trading platforms it will agree to operate in the country, which means that this market explanation could be made according to the regulators who review the rules on a quarterly basis. .