UAE has been ranked third in the world for being crypto-friendly, with a score of 76.17% by Zawya.
Indian Crypto Regulations will be based on IMF and FSB technical paper. It could take around 12-15 months depending upon the complexity of the law.
The IMF and FSB recommendations on crypto assets said that an outright ban on crypto assets would not be possible. However, it still sees them as risk for global economy.