According to @jayantramanand, India is laying groundwork for a real-world-asset-first approach to crypto regulation, referencing remarks tied to Piyush Goyal, which frames policy emphasis toward tokenized real-world assets rather than payment tokens (source: @jayantramanand on X, Oct 7, 2025). According to @jayantramanand, the government-backed digital money angle reflects an archaic view of value transfer and understates crypto’s broader role in communicating value, suggesting a regulatory narrative that distinguishes RWAs from pure digital-cash use cases (source: @jayantramanand on X, Oct 7, 2025). According to @jayantramanand, traders monitoring India should focus on RWA-related themes and tokenized asset infrastructure while awaiting any official confirmation, as the post itself does not cite a formal policy document (source: @jayantramanand on X, Oct 7, 2025).