at the Australian Strategic Policy Institute's The Sydney Dialogue where he said all democratic nations must work together on crypto to "ensure it does not end up in wrong hands, which can spoil our youth."if India should have its own cryptocurrency, she reportedly said, "We have to be cautious; but we have to think it through."
Shekhar from Zebpay said officials have been talking about tough regulations because "they want to obviously control this and don't let crypto become a currency, so to say."As Coinbase struggles, you were better off just buying bitcoin, according to one analyst He explained that potential regulations would have to address the needs of India's retail investors — while there is no official data currently available, media reports suggest there are about 15 million to 20 million crypto investors in the country.
"The other side, which is not being talked about too much, is innovation in the technology," Shekhar said, adding that many innovators are still waiting to enter the crypto market. "With regulation coming in, I think that will be a major area where I think multibillion dollar companies will be created in India," he added.
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