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Banning all cryptocurrencies unwise move, regulation needed: ORF report
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business-standard.comWith an estimated 15 million Indians holding digital currencies, cryptocurrencies need to be regulated like any other financial asset and it would be unwise for India to ban private crypto assets when it has the ability to capitalise on it, a study released by Observer Research Foundation (ORF) said on Tuesday.
The Indian crypto asset industry has witnessed exponential growth over the last five years. An estimated 15 million crypto-asset holders have put in Rs 660 crore in these crypto asset holdings.
India now has two crypto unicorns and over 350 crypto startups in what is clearly a flourishing industry.
The report said the country is well placed to capitalise on the opportunity that crypto-assets present due to its expanding private
Read more on business-standard.comAbout this in other media
Proposed India bill banning crypto payments could mean jail for violations: Report livemint.com /2 years ago
Proposed India bill banning crypto payments could mean jail for violations business-standard.com /2 years ago
Crypto regulation needs collective efforts: FM economictimes.indiatimes.com /2 years ago
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