The buzz is that India may have laws regulating cryptocurrencies바카라 웹사이트by next year. Will such a move benefit the asset and the investors?바카라 웹사이트바카라 Money spoke to바카라 웹사이트Nischal바카라 웹사이트Shetty,바카라 웹사이트founder and CEO of cryptocurrency platform WazirX and member of Blockchain and Crypto Assets Council (BACC)바카라 웹사이트to discuss why a law on cryptocurrency is needed in India and how it will affect the asset and the investors.
Why is a law for cryptocurrency needed in India?바카라 웹사이트
Cryptocurrency is a combination of finance and technology, so whenever there is finance, it라이브 바카라 always good to ensure some level of user protection,바카라 웹사이트and바카라 웹사이트have some guidelines… These are not present in cryptocurrency바카라 웹사이트(as of now).바카라 웹사이트
Globally, every country is promoting this new technology. At the same time, they have tried to ensure that none of the negative factors affect the innovations. To do that, regulations seem to be the right step. 바카라 웹사이트
Will rules and regulations affect crypto라이브 바카라 popularity?바카라 웹사이트
There are millions of people who are not participating because the crypto market is not regulated. There are also a lot of startup founders who are afraid to invest in cryptos. They want바카라 웹사이트some kind of regulatory바카라 웹사이트oversight before they get in.
So, the right regulations will push this industry forward faster. But over-regulation or wrong regulations can have a negative impact on this industry. But overall, rules and regulations will make this industry more popular. 바카라 웹사이트
What is the future of crypto as an asset in India?바카라 웹사이트바카라 웹사이트
We are adopting cryptos as an asset바카라 웹사이트not just in India, but globally as well. There are various benefits of crypto as an asset.바카라 웹사이트For the first time,바카라 웹사이트we have access to an asset class that has global liquidity. Second, it is accessible from a mobile phone and internet. Third, it is something that you can own as your own.
I believe that India will become the top crypto-holding nation. Any asset in a physical form is difficult to hold. But crypto assets are digital and can be ‘held’ easily. 바카라 웹사이트
Is there an investment strategy one can follow for cryptos?바카라 웹사이트
Before you buy anything,바카라 웹사이트do your바카라 웹사이트research바카라 웹사이트and start slow. Do not spend the whole 'X' amount in one바카라 웹사이트go; try to spread it. In바카라 웹사이트that process, you will also learn. As crypto is very volatile, you should be aware of its cons.
