CandleFocus India’s chief economic advisor calls for regulation that doesn’t hinder crypto innovation
2024-12-12
Author: Content Editor
India's Chief Economic Advisor, V. Anantha Nageswaran, has called for regulators to support innovation in the cryptocurrency sector while maintaining transparency and accountability. He emphasized the balance between innovation and societal needs and urged regulators not to obstruct innovation. Nageswaran highlighted the importance of transparency and urged regulators to align their actions with societal goals. His comments come as India grapples with regulatory uncertainty, with a policy paper on cryptocurrency delayed. Despite these challenges, the country has seen a surge in crypto adoption and holds the top spot in Chainalysis's Global Crypto Adoption Index.
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