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Home > BSA/AML & Consumer Protection > Crypto business takes off but industry still waiting for regulations
Jun10 - 20

Crypto business takes off but industry still waiting for regulations

The Indian crypto industry is in the middle of a boom. Not just local traders and tech enthusiasts but even global cryptocurrency majors want a play in the second coming of virtual currencies in the country.

A few of them have started initial operations but most are waiting for clarity from the government on digital tenders before committing their dollars in the Indian market.

Industry insiders saw millions of dollars worth of business is being done every week, with the lockdown pushing up the volumes. The government, they say, is losing out on precious revenue by not coming up with a regulatory mechanism. Read the complete article HERE.

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