How smart policymaking can help India fulfill it’s trillion dollar ambitions
In this article, Sumit Gupta, CEO & Co-Founder of CoinDCX talks about how crypto and blockchain are still nascent industries in India, and greater development and innovation can only happen with continued dialogue between policymakers and the industry. Read on to know more!
India has always had an ambivalent relationship with cryptocurrency over the years. Despite its bumpy journey towards acceptance, we have seen signs that the government and policymakers are warming up to the promise of digital assets in recent months. However, the growth of blockchain technology and its myriad use cases far outpace the evolution of our policies, and it is clear India needs to recalibrate its approach to crypto policymaking – redefining the use of regulations to promote innovation, as opposed to functioning as pure guardrails – to unleash the full potential of blockchain.
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