Binance Projects India as a Leader in Global Crypto Regulation by 2025
by aria-crypto.com
December 27, 2024 at 04:56
Binance Projects India as a Leader in Global Crypto Regulation by 2025
Binance, one of the top cryptocurrency exchanges globally, predicts India will lead in global crypto regulation by 2025. This forecast is based on India's proactive steps to establish regulatory frameworks that enhance trust, promote innovation, and broaden blockchain applications. India's significance in crypto regulation became evident as the country made substantial progress in crypto adoption in 2024, with Bitcoin reaching a peak of $108K. Vishal Sacheendran, Binance's Head of Regional Markets, highlighted the U.S. approval of Bitcoin and Ether ETFs as key to increasing institutional interest. He also noted Binance's compliance with India's evolving regulations and their commitment to safe, legal crypto offerings. The Indian government has moved from considering a total ban on cryptocurrencies in 2019 to implementing taxation on crypto profits and transactions, showing a shift toward a more regulated but supportive crypto environment. Sacheendran believes the future of crypto lies in creating a decentralized, innovative digital ecosystem that benefits all.
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