@IndiatechO is releasing a two series White-paper on #Crypto, the first paper talks about the opportunities offered by #Crypto and #blockchain to the world. With rapidly growing potential, #India needs to regulate the sector. Link to the #IndiaTechDecoder: indiatech.org/wp-content/upl…
India has a great opportunity to capitalise on the huge potential that the industry holds. The second paper offers solutions and suggestions that @IndiatechO has proposed as a 5-point framework on how the Indian #government can best regulate #Crypto while encouraging innovation.
According to the #IndiaTechDecoder opportunities from #Crypto adoption is far more than simply attracting #FDI, with benefits including enhancing the country’s technological skillset, thereby broadening #employment opportunities.
For understanding #Crypto better, it is important that #Crypto is viewed an #asset, not a #currency; a precise& clear #tax policy is formulated for #Crypto and uniform #KYC laws are articulated to ensure accountability. #IndiaTechDecoder
#IndiaTechDecoder suggests the need for #regulators to craft thoughtful policies which carefully mitigate the threats of fraud, money laundering, and #tax evasion without stifling #innovation and ensuring #economic growth inevitably is carried with it.
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