India's Ministry of Electronics and Information Technology (MeitY) revealed on Wednesday that it hopes to allow users to digitally sign documents using encrypted tokens in new domestic web browsers. This development is significant because India has yet to propose any legislation on Web3 or cryptocurrencies in parliament, even though it is promoting global rules for cryptocurrencies as the G20 chair. The Reserve Bank of India opposes the legalization of cryptocurrencies while promoting its own central bank digital currency (CBDC). Although India's finance ministry has taxed cryptocurrencies and included them in global anti-money laundering standards, it has not yet taken a formal stance on whether to legalize or ban cryptocurrencies.