This episode is sponsored by Nexo, Arculus and FTX US.

One of the key themes for 2022 is the relationship between governments and the crypto industry. On today’s show, NLW looks at the latest from India, one of the countries with the highest degree of speculation on whether banning or regulation is the path forward. The regulatory and legalization path got a big boost earlier this week during the finance minister’s annual presentation of the budget to Parliament. NLW also covers Russia’s seeming path to regulatory integration of crypto, as well.

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: btgbtg/iStock/Getty Images Plus. Join the discussion at