"In India, as regulatory clarity evolves, it is clear that crypto is here to stay. The primary challenge lies in aligning the governments stance with a user-friendly environment for crypto enthusiasts. This will encourage businesses that have remained one foot away based on previous uncertainties to plan for an entry into the sector. The opportunity then lies in growth of a global sector that can eventually innovate, mature and gain mainstream acceptance, particularly in a technology-savvy country like India."
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FTX founder and former-CEO Sam Bankman-Fried is accused of embezzling $10 billion from unsuspecting customers to prop up his hedge fund Alameda Research, buy luxury properties and fund political donations. His trial began in New York this week.