Future of Crypto Assets in India

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Future of Crypto Assets in India

about 4 months ago

Cryptocurrency has grown in size and popularity among investors to facilitate the financial activities such as buying, selling and trading trading in India and around the world. According to the United Nations Conference on Trade and Development Report 2021, 7.3% of Indians owned cryptocurrency in 2021. As much appreciable as it is that India is rapidly moving towards digitisation in almost every aspect of life, an underlying concern that needs immediate attention is that at present, India does not have any regulatory framework to govern the crypto assets market. The absence of a regulatory framework not only creates uncertainty for businesses looking to enter this space, but also exposes investors to avoidable frauds. An unregulated ecosystem can also facilitate money laundering, fraud and terror financing.

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Very good article.

about 3 months ago

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