The Indian Crypto asset industry has witnessed exponential growth over the last five years. More than 15 million Indians now hold digital currencies. As a result, experts say, like any other financial asset, cryptocurrencies also need to be regulated to both protect consumer welfare as well as promote innovation.
A report ‘Regulating Crypto Assets in India’ by the Esya Centre and Observer Research Foundation states that crypto assets are likely to form the basis of future forms of the internet.
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