Crypto revolution is here to stay. What about India's regulatory stance

livemint.com:

Cryptocurrencies have caught attention as an asset class in the last few years and have gone mainstream on the back of their sharp rally despite famed for their volatility and uncertainties around regulations in many countries including India. The digital token went further into the mainstream in 2021 as institutions and retail investors got involved with the crypto market. 

“Last year was an exceptional year for the crypto industry. Right from institutions getting involved with cryptos and raising millions of dollars to invest in the space to the booming NFT space. Ethereum outperformed Bitcoin this last year, along with the traditional markets," said Nischal Shetty, Founder, WazirX.

India became the second-highest nation in terms of crypto adoption, and given the current purview, experts believe that 2022 might arguably see India leading the world pack in deriving utilities from the decentralized disruption, provided the government takes a progressive regulatory stance. 

“The creator economy will witness incredible innovation in web3 iteration that might explode as the ‘new renaissance of entrepreneurship’ in 2022 itself’. We will also get to know more about popular Defi -projects and by March 2022, Defi contracts are predicted to secure a combined value of $41 billion. The Defi and DAO community have enjoyed substantial gains from yield farming, quite popular on Defi platforms," Shetty added.

Crypto adoption is likely to be witnessed from regional markets in India and with the current trend, more Indians are expected to join the crypto revolution across all demographics.

“We will see new trends in 2022 for crypto globally and in India as we deliberate on the regulatory framework and wait for the government