As cryptocurrencies continue to gain popularity in the finance sector, various countries are now looking to regulate the crypto market to make it safe and secure for investors. Amidst the growing concerns relating to blockchain and cryptocurrencies, India’s Prime Minister Narendra Modi recently addressed all the democratic nations to unitedly deal with the issues relating to cryptocurrencies to prevent a negative impact on the youth.
Now, coming to the cryptocurrency situation in India, we recently saw a panel of MPs and industry experts conclude that cryptos should be regulated in India to make them a reliable investment option for investors. Furthermore, with the popularity of meme cryptocurrencies like Dogecoin or Shiba Inu coin in India, the South Asian country is gradually becoming one of the global leaders in the crypto finance sector. So, it will be interesting to see India’s future plans for cryptocurrencies.
