Leading Indian crypto exchange Coin DCX has recorded a sharp increase in deposits post-FIU s action. Another prominent crypto exchange, CoinSwitch, witnessed a jump in trading volumes. It also reinstated crypto deposits on Thursday, a service which it had suspended last year.
As many as 28 Virtual Digital Assets (VDA) service providers, including WazirX, Coin DCX and Coinswitch, have registered themselves with the Financial Intelligence Unit-India (FIU-IND), Finance Ministry said on Monday.
The Hackathon event, created in partnership with hackathon expert Devfolio, brought together the entire Web3 ecosystem, which includes developers, industry experts, advisors, mentors, and companies.
In this article, Sumit Gupta, CEO & Co-Founder of CoinDCX talks about how crypto and blockchain are still nascent industries in India, and greater development and innovation can only happen with continued dialogue between policymakers and the industry. Read on to know more!