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13.12 - 17:19
India must regulate cryptocurrencies in consumer interest: Report
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The Indian Crypto asset industry has witnessed exponential growth over the last five years. More than 15 million Indians now hold digital currencies. As a result, experts say, like any other financial asset, cryptocurrencies also need to be regulated to both protect consumer welfare as well as promote innovation.
A report ‘Regulating Crypto Assets in India’ by the Esya Centre and Observer Research Foundation states that crypto assets are likely to form the basis of future forms of the internet. The report talks about the world of cryptocurrency in India, one of the fastest-growing globally, and comes at a time when New Delhi aims to introduce a bill to regulate the asset.
The report highlights that crypto-assets are not only likely to form
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