- CoinSwitch is preaching peace and predictability.
- The Indian government is seeking to introduce new regulations around blockchain.
- CoinSwitch has been an opinionated supporter of regulatory clarification.
The Indian government is seeking to raise new regulations around blockchain to protect investors and promote the use of virtual currencies. The move comes as the government looks to tackle the technology’s regulatory uncertainty.
The CoinSwitch, which is estimated to be the widely spread India’s crypto corporation with over 16 million supporters, is said to attain a value of $1.89 billion. Tiger Global and Coinbase are deemed endeavors to be India’s central IT center, backed by Andreessen Horowitz’s New Delhi.
Ashish Singhal, CEO and co-founder of CoinSwitch, said:
We want the government to provide a clear regulatory framework for cryptocurrencies in India. We don’t want them to be banned. We want peace and predictability.
Prime Minister Narendra Modi confirmed that the gov …