Regulation
The result of the Indian elections sends the stock market into crisis with uncertain implications for cryptocurrency legislation
Although Modi’s Bharatiya Janata Party (BJP) and its allies are poised to return to power, they have not reached the supermajority threshold of more than 370 seats in the 543-seat lower house of India’s parliament, as they had predicted. In fact, the BJP alone has not reached the halfway point of 272, which it comfortably surpassed in the 2019 elections. The result hands the kingly power to its allies, and the opposition led by the Indian National Congress may try to lure them Street.