'Indian crypto market has flourished since the onset of the Covid'

We see a possibility of the Indian government considering forming a panel to regulate cryptocurrencies as digital assets than tokens, Gupta said

Investors in Bitcoin and Ethereum were in for a rude shock after the recent tweets from Elon Musk and China’s stand on cryptocurrencies. The developments wiped out over $500 billion in value from the Bitcoin’s peak market value in April this year, before recovering. Some key cryptocurrency exchanges also suffered trading glitches as investors rushed to sell their holding. SUMIT GUPTA, chief executive officer and co-founder, CoinDCX, tells Puneet Wadhwa in an interview that the Indian government recognizes blockchain technology’s potential and has cleared the air with respect to a blanket ban on cryptocurrencies. Edited excerpts:

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