As the global cryptoverse undergoes a tectonic shift, countries like the US, UAE, and Singapore are racing ahead with clear regulations and innovation-friendly ecosystems. In contrast, India remains in wait-and-watch mode, even as crypto prices soar to new highs. The lack of urgency from policymakers has industry leaders worried that India could miss out on the Web3 and crypto revolution, despite having the world’s second-largest blockchain developer base. In an interview with Fortune India’s Manoj Sharma, CoinDCX CEO Sumit Gupta argues that without swift regulatory and tax clarity, the country risks losing talent, capital, and momentum. He also explains why CBDCs are fundamentally flawed. Edited excerpts:
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