India's Election Results Underwhelm Modi's Party, Sending Stock Markets Crashing and Crypto Legislation Further into the Future
India's ruling party, led by Prime Minister Narendra Modi, received a smaller share of votes than predicted in the recent election, causing stock markets to plummet. While Modi's party and its allies are expected to return to power, they did not reach the supermajority mark they had hoped for, giving kingmaking power to their allies. Crypto was not a significant issue for voters during the campaign, and the election results are not expected to immediately affect crypto policy in the nation. Plans for comprehensive crypto legislation are likely to be delayed as the government focuses on solidifying a governing coalition.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US Officials Allegedly Don’t Know How Much Bitcoin They Hold – Here’s More Allegations of Mismanagement
It is alleged that US authorities do not know the amount of cryptocurrencies they have seized so far and obtained through forks.
Bittensor (TAO) Poised for 125% Surge, Says Popular Analyst

Memereum Nears $2M in Presale, Unveils V3 Website, and Launches New Whitepaper Following Rebrand

US SEC drops investigation into NFT platform OpenSea
Trending news
MoreCrypto prices
More








