Soaring Crypto Investment Calls for Regulation: India’s Top Finance Newspaper

Soaring Crypto Investment Calls for Regulation: India’s Top Finance Newspaper
The Economic Times, one of India’s top finance newspaper, dedicated its entire front page to call on the government to provide regulatory guidance to the crypto industry.The Indian government has been sitting on a crypto regulation bill for at least a year. Meanwhile, since the Supreme Court lifted the Reserve Bank of India’s two-year banking ban on crypto exchanges in March 2020, investment in crypto has soared.Tens of millions of Indians have invested $80 billion (INR 6 trillion) in crypto, the newspaper wrote. Given these “staggering” numbers and “massive” growth potential, India needs a “transparent and regulated environment,” the newspaper…