Following the crypto ban saga in India which create a huge panic in the Indian market, Finally some positive news as IndiaTech (an industrial body) proposed the use of crypto currencies as an investment option and not as a currency.
“Crypto has a bright future in India. It is the sector that is inevitably at a unique stage to attract FDI, generate employment at the same time foster innovation which puts India on a global map. There is potential that needs to be rightfully tapped for India to see several startups grow out of this sector,” IndiaTech’s proposal said.
“There are associated risks as with any other financial instrument or asset which can be addressed with policies and regulations that do not stifle the underlying innovation that these emerging technologies are built upon. India needs to embrace crypto and create an enabling regulatory environment for the sector to take off the way it is meant to in a transparent manner,” it said.
