Watch | Is Crypto Trading in India Headed for a Ban?
Nischal Shetty of India’s largest cryptocurrency exchange speaks on why he felt a ban on trading was unlikely and what kind of regulation would help the crypto industry.
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November saw huge uncertainty in India’s crypto trading world on news the government of India could propose a ban on cryptocurrency trading. Following a bloodbath in prices, there was a walk back by the Modi government as it said in parliament that it was studying the issue and working on a revised framework in a fresh bill.
Mitali Mukherjee spoke with Nischal Shetty, CEO and founder of WazirX, India’s largest cryptocurrency exchange on why he felt a ban on trading was unlikely and what kind of regulation would help the crypto industry.
This article went live on December second, two thousand twenty one, at fourteen minutes past six in the evening.The Wire is now on WhatsApp. Follow our channel for sharp analysis and opinions on the latest developments.
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