India's Department of Economic Affairs (DEA) is preparing to release a key consultation paper with the country's regulatory future hanging in the balance. Local media reported that the document is expected to be released in September or October this year and will seek feedback from various stakeholders, indicating that the government is playing an active role in shaping the direction of digital currencies in India. The upcoming document from the DEA is expected to address broader concerns surrounding crypto asset regulation, including those raised by the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI).