With growing interest in crypto, regulations in India inevitable: WazirX

economictimes.indiatimes.com:

In the rapidly evolving landscape of cryptocurrencies, India has emerged as a pivotal player, commanding global attention as the current G20 president. Rajagopal Menon, Vice President of WazirX, shares insights on India's leadership in shaping the regulatory discourse around cryptocurrencies and the evolving dynamics of the crypto market.

«With its presidency of the G20, India’s voice for global crypto rules for crypto is being taken seriously. Detailed Crypto regulations are inevitable. It is a question of “when” and not “if”,» Rajagopal said.

In this exclusive interview with ETMarkets, he delves into the potential impact of rate hikes, crude oil prices, and the strengthening dollar on the crypto market's near-term performance. Additionally, Menon addresses the volatility within the crypto space and discusses the significance of India's journey towards crypto regulation, shedding light on WazirX's growth and strategic priorities for the future.

With rate hike concerns and firming crude oil prices and the dollar, how do you see the crypto market performing in the near term?
As with any market, many variables come into play when it comes to cryptos. Like an accomplished juggler, one is expected to keep an eye on multiple balls, from central banks' rate hike concerns to firming crude oil prices and a robust dollar.

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Traditional financial analysts might steer towards “safer” bonds due to increasing interest rates, but the crypto market could hold its own as a potential hedge