To understand the future of cryptocurrency in India, Moneycontrol’s M Sriram and Chandra R Srikanth hosted another episode of Crypto and India—The Road Ahead on Twitter Spaces.
Gaurav Dahake: There was no clear stance on crypto, many countries didn’t know what was allowed, what was not allowed, if mining was allowed, if trading was allowed.
Dahake: China has taken a stance around Bitcoin mining per say, one of the reasons is environmental.
Akshay BD: When you push out a bunch of miners from China, they will immediately relocate to other parts of the world.
Akshay BD: You are getting both sides of the spectrum.
Rishi Anand: Educate the government.
Banks are not cooperating now because they are not very sure of how the transaction is taking place within the country.