INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Supreme Court ruling on Wednesday quashing the curbs on financial institutions from dealing with cryptocurrency traders and
to cryptocurrency and come up with a new, calibrated framework or regulation that deals with the reality of these technological advancements
(given that even central banks across the world are issuing their own cryptocurrencies) and simultaneously balancing considerations of
regulatory, consumer protection, security and monetary control that the RBI is expected to have over currency and financial products
This might also catalyse the potential for the use of blockchain in diverse areas.
Benson Samuel, Director Of Technology, Tokenyz
Most of the infrastructure and bits and pieces towards the cryptocurrency was already built out over the last few years
We should see a lot of them restarting and a lot more activity to happen around this space.
Nischal Shetty, CEO, WazirXThis is a great
relief for the entire ecosystem
Best thing is that it leads to a lot of excitement in the crypto ecosystem in India
With this, we see hundreds of startups coming into India, which will lead new investments coming from venture capitalists (VC)
The VC investment in India has not happened because of banking ban.
It comes at a great time for the ecosystem as all the financial stuff
happening today in the country, this positive news was much needed.
Hesham Rehman, Co-founder and CEO, BitxoxoThe decision is very
beneficial for the industry
We were waiting for the last two year for the decision
We are just hoping to restart our operations soon
Business will come back and people will invest with more confidence as the court has also clarified that bitcoin is not illegal in India.
