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    Vidyakul App becomes the key to success with its students in Std. 10 and 12 passing with flying colours in Gujarat

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    Gujarat CM felicitates family members of organ donors

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    Gujarat CM launches 17th edition of Shala Praveshotsav from Memadpura primary school in Banaskantha

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    Blackk & One Sports Foundation organizing Yonex – Sunrise Gujarat State Badminton Championship 2022

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    Drishti Issues Advisory for coast of Goa for the Monsoon Months of June to September

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    Prawaas 3.0 – India’s flagship event on Public Transport to be held in Hyderabad from August 4-6

    NSDL’s Market Ka Eklavya-Express Program reaches over 4,000 students across 75+ cities covering all States of India

    NSDL’s Market Ka Eklavya-Express Program reaches over 4,000 students across 75+ cities covering all States of India

    MG Motor India presents Hector and ZS EV to ITIs in Gujarat to strengthen skill development

    MG Motor India presents Hector and ZS EV to ITIs in Gujarat to strengthen skill development

    Seagull Advertising the start-up brand launch accelerator of Pune

    Seagull Advertising the start-up brand launch accelerator of Pune

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    GO FIRST announces new direct flights to Kuwait and Muscat from Kochi

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    AU Small Finance Bank launches industry’s first customisable Credit Card,LIT

    AU Small Finance Bank launches industry’s first customisable Credit Card,LIT

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    Union Bank of India wins PFRDA “Best Performing Bank” Award

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    Safety tops the charts for women while Comfort is most important for men while travelling

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    Guj CM approves projects of drinking & irrigation water to 135 villages

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    Punjab National Bank Celebrates 8th International Yoga Day

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    Kshitiz Sharma, a student of Aakash+BYJU’S from Chandigarh branch tops Himachal Pradesh Board of Secondary Education (HPBOSE); scores 98.6%

    Kshitiz Sharma, a student of Aakash+BYJU’S from Chandigarh branch tops Himachal Pradesh Board of Secondary Education (HPBOSE); scores 98.6%

    Rajeev Butani joins Prodapt’s Board of Directors

    Rajeev Butani joins Prodapt’s Board of Directors

    iCreate launches EVangelise’22, India’s largest EV innovation challenge connecting the EV industry to breakthrough innovators

    iCreate launches EVangelise’22, India’s largest EV innovation challenge connecting the EV industry to breakthrough innovators

    Five students across grades shortlisted for an all-inclusive trip to NASA by Aakash+BYJU’S from Anthe 2021

    Five students across grades shortlisted for an all-inclusive trip to NASA by Aakash+BYJU’S from Anthe 2021

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    Avtar Partners with Google for the 3rd Consecutive Year

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    Vidyakul App becomes the key to success with its students in Std. 10 and 12 passing with flying colours in Gujarat

    Vidyakul App becomes the key to success with its students in Std. 10 and 12 passing with flying colours in Gujarat

    Gujarat CM felicitates family members of organ donors

    Gujarat CM felicitates family members of organ donors

    Gujarat CM launches 17th edition of Shala Praveshotsav from Memadpura primary school in Banaskantha

    Gujarat CM launches 17th edition of Shala Praveshotsav from Memadpura primary school in Banaskantha

    Blackk & One Sports Foundation organizing Yonex – Sunrise Gujarat State Badminton Championship 2022

    Blackk & One Sports Foundation organizing Yonex – Sunrise Gujarat State Badminton Championship 2022

    Drishti Issues Advisory for coast of Goa for the Monsoon Months of June to September

    Drishti Issues Advisory for coast of Goa for the Monsoon Months of June to September

    Prawaas 3.0 – India’s flagship event on Public Transport to be held in Hyderabad from August 4-6

    Prawaas 3.0 – India’s flagship event on Public Transport to be held in Hyderabad from August 4-6

    NSDL’s Market Ka Eklavya-Express Program reaches over 4,000 students across 75+ cities covering all States of India

    NSDL’s Market Ka Eklavya-Express Program reaches over 4,000 students across 75+ cities covering all States of India

    MG Motor India presents Hector and ZS EV to ITIs in Gujarat to strengthen skill development

    MG Motor India presents Hector and ZS EV to ITIs in Gujarat to strengthen skill development

    Seagull Advertising the start-up brand launch accelerator of Pune

    Seagull Advertising the start-up brand launch accelerator of Pune

    GO FIRST announces new direct flights to Kuwait and Muscat from Kochi

    GO FIRST announces new direct flights to Kuwait and Muscat from Kochi

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    AU Small Finance Bank launches industry’s first customisable Credit Card,LIT

    AU Small Finance Bank launches industry’s first customisable Credit Card,LIT

    Union Bank of India wins PFRDA “Best Performing Bank” Award

    Union Bank of India wins PFRDA “Best Performing Bank” Award

    Safety tops the charts for women while Comfort is most important for men while travelling

    Safety tops the charts for women while Comfort is most important for men while travelling

    Guj CM approves projects of drinking & irrigation water to 135 villages

    Guj CM approves projects of drinking & irrigation water to 135 villages

    Punjab National Bank Celebrates 8th International Yoga Day

    Punjab National Bank Celebrates 8th International Yoga Day

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    Kshitiz Sharma, a student of Aakash+BYJU’S from Chandigarh branch tops Himachal Pradesh Board of Secondary Education (HPBOSE); scores 98.6%

    Kshitiz Sharma, a student of Aakash+BYJU’S from Chandigarh branch tops Himachal Pradesh Board of Secondary Education (HPBOSE); scores 98.6%

    Rajeev Butani joins Prodapt’s Board of Directors

    Rajeev Butani joins Prodapt’s Board of Directors

    iCreate launches EVangelise’22, India’s largest EV innovation challenge connecting the EV industry to breakthrough innovators

    iCreate launches EVangelise’22, India’s largest EV innovation challenge connecting the EV industry to breakthrough innovators

    Five students across grades shortlisted for an all-inclusive trip to NASA by Aakash+BYJU’S from Anthe 2021

    Five students across grades shortlisted for an all-inclusive trip to NASA by Aakash+BYJU’S from Anthe 2021

    Avtar Partners with Google for the 3rd Consecutive Year

    Avtar Partners with Google for the 3rd Consecutive Year

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India’s New found Openness about Crypto eco-system, A Good Signal for its Future Digital Economy

NewsMonks by NewsMonks
1 year ago
in Economy, Finance
2 min read
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India’s New found Openness about Crypto eco-system, A Good Signal for its Future Digital Economy
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  • With huge pool of talent and strong digital base, India well poised to lead in new-gen digital fintech framework: Mr. Daly Young, Chief Product Officer of Bingbon

Recent lifting of ban on cryptocurrency trading by the Supreme Court, followed by statements from India’s Finance Minister about this new digital age marvel with open mindedness augurs extremely well for India’s next level of digital leap and digital leadership.

India has a few key advantages that has the potential to make it a global leader in new age fintech services, bitcoin mining and crypto currency trading, said Daly Young Chief Product Officer of Bingbon, a leading crypto trading platform that empowers retail traders to use crypto derivative contracts. Bingbon, based out of Singapore, covers not only digital assets but also other financial instruments, such as FOREX, indices, and commodities.

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Welcoming the recent development in India, Mr Daly Young said that the country needs to look ahead and take advantage of its huge foundational strength in order to reap the benefits of the next wave of digital technologies.

“India has already developed a strong base in innovative next-generation blockchain and distributed ledger technologies, and this coupled with its huge pool of mathematical talent will help propel India into a global leadership position in this space,” said Mr. Daly Young.

Mr. Daly Young supported the need to create a sound regulatory framework so that credible crypto exchanges can effectively operate and provide secure platforms to people who are interested in trading and investing in cryptocurrencies. Such a framework will create greater trust and script a new chapter in India’s digital march. A robust crypto eco-system will bring down economic and financial transaction cost, help faster digital adoption and create new employment opportunities.

Tags: Crypto eco-systemDigital Economy
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