India, with more than 10 crore investors, is the world’s most significant crypto market. But regulations have been confusing, and the government seems to have been caught unawares by the boom. For instance, it imposed a tax on cryptocurrencies but said that it does not mean they have been legalised. Investors are demanding that the government take a clear stand and that cryptocurrencies be legalised and regulated to pave the way for a solid, safe market. Rakesh Singh, a leading Blockchain and crypto lawyer, speaks to All Indians Matter.
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