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India unlikely to ban crypto as it is ‘old school’ according to this exec
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ambcrypto.comH2: Time for India to take cognizance of China’s CBDC development?
Nischal Shetty, the founder of India-based crypto exchange WazirX, recently spoke about the country’s crypto regulations in an interview.
Shetty emphasized that ‘no democratic nation’ is going ahead with banning crypto. Instead, the countries are looking at ways to regulate the sector. In contrast to China’s policy decision, he said,
“I think India is definitely going in the stance of regulation and you rarely hear anything related to a ban or anything because it now seems old school that you’re going to ban crypto as a nation.”
Having said that, China is still a front-runner when it comes to CBDC development and adoption. If reports are to be believed, China is ready for a
Read more on ambcrypto.comAbout this in other media
India Needs "Well-Informed" Debate On Cryptocurrency, Says RBI Chief ndtv.com /2 years ago
RBI Governor bats for crypto ban, says it could cause serious financial instability economictimes.indiatimes.com /2 years ago
India: Why regulations might have to wait until a formal ‘understanding’ of crypto ambcrypto.com /2 years ago
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