It's clear a country can't regulate crypto on its own, says Sanjeev Sanyal

'There are a lot of claims about how important the sector is, but nobody really knows. So it's only when we begin to tax it will we get the scale of it', he said

Principal Economic Advisor Sanjeev Sanyal says regulating virtual digital assets will require an international effort and that the true size of the crypto assets market in India will be revealed, now that transactions are being taxed. Sanyal, who drafted the 2021-22 Economic Survey, tells Arup Roychoudhury the Centre is unapologetic about privatisation even though there was no mention of it in the latest Budget speech. Excerpts:

The Survey projects an 8-8.5 per cent real growth rate, and the Budget projects 11.1 per cent nominal growth for FY23. The sense is that your predictions are too optimistic because there will still