Supreme Court wants crypto regulations in four weeks. But a hastily written policy is the last thing India needs.
- A hurried legal structure is likely to focus on “private blockchains” more than creating an open, decentralised, permission-less token economy.
- It may force startup founders, who could have helped create a flourishing crypto economy in India, to seek opportunities abroad.
- With our banking, services, and IT sectors not in the best of shape and unemployment hitting new highs, India needs blockchain regulations that are in sync with the times.
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