India’s regulatory uncertainty for the crypto sector came into sharp focus at the ongoing World Economic Forum (WEF) Annual Meeting in Davos. In an interview with Reuters, CoinSwitch Kuber CEO Ashish Singhal highlighted the government’s policy dilemma on the industry.
“Users don’t know what will happen with their holdings – is the government going to ban, not ban, how is it going to be regulated?” Singhal wondered. India must bring in appropriate legislation to remove uncertainty, boost the crypto sector, and protect investors, he added.
Singhal appreciated the Indian government’s move on taxation and advertising guidelines for the crypto sector by the Advertising Standards Council of India (ASCI). However, according to the media coverage, he said more needed to be done, including enacting a set of laws.
Mechanism to track transactions and report them to authorities in case of need and norms for identity verification and transfer of crypto assets need to be established,
We współpracy z: https://cryptopotato.com/coinswitch-ceo-pitches-for-regulatory-clarity-certainty-peace/
