BS BFSI Summit Crypto session: Regulatory clarity is key to India's crypto ecosystem, say experts

BS BFSI Summit Day 2: Crypto industry experts highlighted the urgent need for investor education and regulatory clarity in India's crypto ecosystem.

11:10 AM

BS BFSI Summit LIVE Updates: A quick glance at popular cryptocurrencies and their prices

BS BFSI Summit LIVE Updates:  The majority of cryptocurrencies are trading lower on Thursday, according to data from CoinMarketCap. Here’s a quick glance at the most popular cryptocurrencies and their prices.

11:07 AM

BS BFSI Summit LIVE Updates: Bitcoin trades lower

BS BFSI Summit LIVE Updates:  The flagship cryptocurrency continued to trade lower on Thursday, October 30. At the last check, Bitcoin was quoted at $109,170.17, down 3.4 per cent over the past 24 hours, with a trading volume of $67.91 billion, according to CoinMarketCap. The digital currency moved between $108,057.61 and $113,642.72 during the session. Despite the decline, Bitcoin’s market capitalisation remained strong at $2.17 trillion, underscoring its dominance within the crypto ecosystem.

10:52 AM

BS BFSI Summit LIVE Updates: India’s Crypto Crossroads: Time for a Policy Rethink? - Session concludes

10:49 AM

BS BFSI Summit LIVE Updates: Crypto education is critical, says Seker

BS BFSI Summit LIVE Updates: During the BS BFSI Summit, S. B. Seker, of Binance, said, "Investors should be educated on the technical architecture before dealing with financial instruments. Binance Academy has been working in this regard, educating investors about crypto.

 

10:47 AM

BS BFSI Summit LIVE Updates: Investors need to be educated, says Gupta

BS BFSI Summit LIVE Updates: During the BS BFSI Summit, Sumit Gupta, said, "Given the multiple nuances and risks, there are many potential dangers. However, fintech companies are working to safeguard investors and raise awareness among them."

 

10:44 AM

BS BFSI Summit LIVE Updates: INR-backed stablecoins can strengthen the economy, says Gupta

BS BFSI Summit LIVE Updates: During the BS BFSI Summit, Gupta said, “India should act on INR-based stablecoins, as more than 97 per cent of stablecoins are currently USD-backed. Many other countries are launching their own stablecoins. INR-backed stablecoins can help strengthen the economy.

 

10:41 AM

BS BFSI Summit LIVE Updates: Regulatiory has to take steps for stablecoins says Padmanabhan

BS BFSI Summit LIVE Updates: During the BS BFSI Summit Padmanabhan, said, "All stablecoins are currently linked to the US dollar. If that continues, the importance of the US dollar will remain dominant. If we are talking about an alternative to the US dollar, we cannot allow US dollar–pegged stablecoins to operate quietly; policy responses are needed.”

 

10:37 AM

BS BFSI Summit LIVE Updates: In the absence of clarity, loopholes exist, says Sumit Gupta

BS BFSI Summit LIVE Updates: During the BS BFSI Summit, Sumit Gupta, said, "Without regulatory clarity, the risk is imposed on investors. Clear regulations ensure that only credible players are allowed to operate in the sector, which in turn guarantees customer protection."

 

10:32 AM

BS BFSI Summit LIVE Updates: We hope for a full licensing framework says S. B. Seker, head of APAC at Binance

BS BFSI Summit LIVE Updates: During the BS BFSI Summit, S. B. Seker, head of APAC at Binance, said, “We hope for a full licensing framework. There will be a lot more investment and job creation in India if there is clarity from the regulatory authority.”

 

10:28 AM

BS BFSI Summit LIVE Updates: Fintech is overregulated, says G. Padmanabhan

BS BFSI Summit LIVE Updates: During the BS BFSI Summit, G. Padmanabhan said that in India, fintechs are overregulated, while stablecoins are underregulated.

 

10:21 AM

BS BFSI Summit LIVE Updates: Regulatory authority has missed the crypto bus, says G Padmanabhan

BS BFSI Summit LIVE Updates: In a conversation with Shivani Shinde, G. Padmanabhan, former executive director of the Reserve Bank of India, said, "The regulator has missed the crypto bus. The future of finance is digital tokenization, and it must be addressed. The time has come for the regulator to take cognizance."

 

10:18 AM

BS BFSI Summit LIVE Update: Regulatory clarity urgently needed as creators leave country says Sumit Gupta

BS BFSI Summit LIVE Updates: In a conversation with Shivani Shinde, Sumit Gupta, Founder & CEO of CoinDCX, said, “Due to regulatory clarity and a clearer picture, the majority of creators have moved out of the country. It is high time that clarity on the issue is provided, and authorities should closely examine this developing landscape."

10:14 AM

BS BFSI Summit LIVE Update: Neglecting tech risks India’s homegrown companies says Dilip Chenoy

BS BFSI Summit LIVE Update: In a conversation with Shivani Shinde, Dilip Chenoy, Chairperson of the Bharat Web3 Association, said, “Overly focusing on the investment aspect, we have overlooked the technological side, which enables low-cost products for investors. By delaying this sectoral focus, we are not only putting Indian companies built by Indians at a disadvantage but also encouraging them to explore opportunities outside India.”

9:58 AM

BS BFSI Summit LIVE Updates: India’s crypto crossroads: Time for a policy rethink? - session starts soon

BS BFSI Summit LIVE Updates: Scheduled from 10:05 AM to 10:45 AM, this session will provide an in-depth exploration of several pressing issues shaping India’s financial landscape. Experts are likely to share their insights on the importance of regulatory clarity and investor protection in fostering a secure and transparent market environment. The discussion will also highlight the transformative potential of blockchain technology in driving innovation across financial services, from payments and settlements to asset management and beyond.

 

9:46 AM

BS BFSI Summit LIVE Updates: 'Bitcoin consolidates after a pullback'

BS BFSI Summit LIVE Updates: BTC is trading between $110,000–$111,000, showing consolidation after a pullback. The Federal Reserve cut rates by 25 bps as expected and announced it will end Quantitative Tightening from December 1, 2025, a move that should boost market liquidity sentiments. However, Fed Chair Jerome Powell said another rate cut in December looks uncertain, cooling expectations of further easing. BTC currently holds support near $110,000, with resistance at $113,000–$114,000, a breakout above could open room for further upside.

Views by: CoinSwitch Markets Desk