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“The increasing adoption of Artificial Intelligence (AI) offers immense potential to transform the crypto market in various ways. AI technologies can significantly enhance security measures, improve fraud detection, and strengthen compliance with Anti-Money Laundering (AML) regulations,'' Ankur Grover, CEO of Zoksh Pay, told ETMarkets in an interview. Edited excerpts: How can the increasing adoption of AI help transform the crypto market? The increasing adoption of Artificial Intelligence (AI) offers immense potential to transform the crypto market in various ways. AI technologies can significantly enhance security measures, improve fraud detection, and strengthen compliance with Anti-Money Laundering (AML) regulations. AI-powered systems can analyze vast amounts of data in real-time, helping identify suspicious patterns and potential fraud attempts. By automating the detection process, AI can minimize false positives while enabling faster and more accurate identification of fraudulent activities. This not only protects businesses and customers but also enhances overall trust in crypto transactions.

In a panel discussion hosted by ETMarkets, CoinSwitch CEO Ashish Singhal expressed optimism regarding the regulatory landscape's evolving stance towards innovation within India's digital ecosystem. Singhal also shed light on the company's efforts to educate beginners, the growing interest of businesses in blockchain technology, interactions with regulatory authorities, and strategies for navigating the complex regulatory landscape. Edited excerpts:

Gaurav Dahake, CEO, BitBNS, says “you can buy it from any exchange in India by depositing your INR and buying those tokens. You can also take the LRS or Liberalised Remittance Scheme route, where you can send up to $250,000 in a year and buy assets, which is where you can send this money to a Indian brokerage account, which would credit that money into your US brokerage account and then you can take an exposure to the ETF. Certain apps facilitate that. " What happened in the US crypto market and how did the SEC approve the ETF? Overall how many crypto ETFs are we talking about now? Gaurav Dahake: This approval came about on January 10, 2024.

As Mudrex marks its triumphant sixth year in the ever-evolving realm of cryptocurrency, the platform reflects on a journey rich with innovation and growth. From its inception in 2018 as an automated crypto trading platform, Mudrex is the world's biggest crypto index platform, with over a million users. In an exclusive interview with Edul Patel, CEO, Mudrex, ETMarkets explored the platform's notable milestones, its pivotal role in shaping investor behaviours, and its ambitious vision for the future. As Mudrex is turning six on 12th January, can you share some key milestones and achievements the platform has experienced so far? Edul Patel: In 2018, our journey began with building an automated crypto trading platform, laying the foundation for Mudrex today.

Big financial institutions such as Fidelity Investments’ foray into the cryptocurrency market is a boon rather than a bane for the asset class and will aid in building the ecosystem further, according to Vikram Subburaj, CEO, Giottus Crypto Platform. “As more traditional financial institutions enter the crypto market, it validates the industry’s legitimacy and attracts a more extensive user base,” Subburaj said, adding, “Rather than perceiving this as a threat, we view it as a positive development that validates the potential of the crypto market. In an interview with ETMarkets, Subburaj also spoke about the confluence of opportunities and challenges in the crypto market, and Giottus’ business growth plans. Edited excerpts: What challenges and opportunities do you see in the cryptocurrency market, both globally and in the context of India’s regulatory developments, in the coming years? In the crypto market, both globally and in India, we anticipate a confluence of challenges and opportunities.