India Recognizes Blockchain’s Potential: CoinDCX CEO By CoinQuora

Experts say new South Korean crypto rules will create a monopolized market By Cointelegraph

India Recognizes Blockchain’s Potential: CoinDCX CEO

  • CoinDCX’s Gupta says India sees crypto’s potential and rules out a blanket ban.
  • He noted that India might form a panel to regulate crypto as digital assets.
  • India may be rethinking its policy on crypto use in the country.

Change of heart? India-based exchange CoinDCX’s CEO and Co-Founder Sumit Gupta said in an interview recently that the Indian government recognizes blockchain technology’s potential. He has also given some hope about the unlikelihood of a blanket ban on cryptocurrencies.

“Indian crypto market has flourished since the onset of the Covid.” — Sumit Gupta

Further, he said that it is possible that India will form a panel for crypto. It will regulate crypto as digital assets rather than tokens.

This news comes in a series of updates about India rethinking its initial stance on crypto. A concer…

This article was first published on coinquora.com

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