Regulation will bring certainty in crypto space, say bourses

WITH the Supreme Court emphasizing the need for regulatory measures in cryptocurrency space, virtual currency exchanges said well-structured regulations will not only safeguard investors but also empower crypto companies.

- UMA KANNAN @ Bengaluru

On Monday, the court asked if there is a 30% tax on crypto profits, why not regulate it. The court's call for regulatory clarity is a pivotal moment for the Indian digital asset ecosystem. For crypto-INR futures traders in particular, a clear legal framework ensures market integrity, reduces counterparty risk, and boosts institutional participation — all essential for a healthy, scalable trading environment, said Avinash Shekhar, co-founder & CEO, Pi42, which is a crypto-INR perpetual futures trading platform.