What Should be the Way Forward?

Defining Cryptocurrency: Cryptocurrencies should be explicitly defined as securities or other financial instruments under the relevant ... national laws. Linking Startup Ecosystem with Crypto: India's startup ecosystem can be revitalised by cryptocurrency and blockchain technology, which can create job opportunities, from blockchain developers to designers, project managers and business analysts to promoters and marketers. Lynchpin for International Cooperation: Because crypto assets transcend national borders, they serve as a lynchpin for international coordination of financial markets governance. However, crypto-asset regulation is still in its infancy in many emerging and developing economies (EMDEs) like India. A risk-based and context-specific international cooperation to regulate cryptocurrency flow is crucial.  more