Crypto industry urges investors to remain calm and govt to take more balanced approach

  • Amid lightning pace developments in the cryptocurrency space in the country, the industry has urged investors to remain calm and not arrive at a rushed conclusion.
  • BuyUcoin CEO Shivam Thakral said it expects the Bill to accommodate the aspirations of Indian crypto owners, Indian crypto entrepreneurs, and investors who have put their faith in India’s crypto growth story.
  • Last week, the Standing Committee on Finance, chaired by BJP member Jayant Sinha, met the representatives of crypto exchanges and BACC, among others, and arrived at a conclusion that cryptocurrencies should not be banned, but should be regulated.
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