Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big-picture power shifts remaking our world.

The breakdown is sponsored by Nidig and produced and distributed by CoinDesk.

What's going on, guys? It is Wednesday, November 17th, and over the last few weeks, I've had a few

people kind of note that there has been a lot of U.S.-centric focus on the breakdown lately,

and there's some parts of that that are obvious. Obviously, I'm in the

U.S., so I think about that jurisdiction more than others, but there's also just been such a never-ending

onslaught of regulatory news here in the U.S. with the machinations of the SEC and the CFTC and the

infrastructure bill and you name it, it's just had a lot of focus there. But it's not like crypto is a U.S. only phenomenon.

In fact, part of what makes crypto so interesting is the fact that it is growing up

simultaneously around the world all at the same time.

So today what we're going to do is a whistle stop tour around the world, a global regulatory

roundup.

I'm going to cover India, Russia, the UK, Sweden, Brazil, anywhere that there's been interesting

regulatory news lately.

So hopefully this gives a little bit broader of a picture about what's going on.

And as always, if you have ideas for places or specific things

that are local but still really important for other people to know about, hit me up on Twitter

at NLW, join the Discord. The Discord has been growing recently and is a really good place for

these types of conversations. But with that, let's dig in and let's start with India.

Now, the relationship between India and crypto has long been fraught.

The Reserve Bank of India effectively banned crypto.

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