The Indian government is seeking to raise new regulations around blockchain to protect investors and promote the use of virtual currencies. The move comes as the government looks to tackle the technology’s regulatory uncertainty.
The CoinSwitch, which is estimated to be the widely spread India’s crypto corporation with over 16 million supporters, is said to attain a value of $1.89 billion. Tiger Global and Coinbase (NASDAQ:COIN) are deemed endeavors to be India’s central IT center, backed by Andreessen Horowitz’s New Delhi.
Ashish Singhal, CEO and co-founder of CoinSwitch, said:
Prime Minister Narendra Modi confirmed that the gov …
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Source: Cryptocurrency - investing.com
