India and Nigeria have revealed contrasting approaches to cryptocurrency regulation. India's Minister of Commerce and Industry, Piyush Goyal, has expressed skepticism towards cryptocurrencies, advocating for heavy taxation and prioritizing a central bank digital currency (CBDC) backed by the Reserve Bank of India. In contrast, Nigeria's Speaker of the House, Abbas Tajudeen, announced the establishment of a committee to investigate the economic and regulatory impacts of cryptocurrencies, emphasizing their potential for growth and innovation.