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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