As the G-20 summit approaches, scheduled for September 8-9, the Financial Stability Board (FSB) and the International Monetary Fund (IMF) have distributed a synthesis paper addressing the regulation of crypto assets among G20 member nations.
Prime Minister Narendra Modi has also urged global collaboration in shaping cryptocurrency regulations during the summit. However, against the backdrop of relatively subdued cryptocurrency prices, blockchain investors are seeking reasons for optimism.
For example, on Monday, Bitcoin was trading at approximately $25,900 on international exchanges, representing a substantial 61 percent drop from its all-time high of $67,560 in November 2021.
In an exclusive telephonic interview with MintGenie, Mridul Gupta, the COO of CoinDCX, seeks to alleviate the concerns of cautious investors by highlighting the remarkable increase in participants within the crypto ecosystem in recent times.
Gupta discusses a range of challenges that cryptocurrencies have the potential to address, offering insights into digital currencies and the anticipated regulatory framework that the government is expected to unveil.
