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Crypto space too large to ignore now: Experts 

Some of the most pressing questions about India and its cryptocurrency stance, answered by experts on Moneycontrol's Twitter Spaces show- Crypto and India: The Way Ahead

Bengaluru / August 26, 2021 / 09:28 AM IST

The cryptocurrency debate rages on. Even as Bitcoin prices recovered after a months-long dip, Finance Minister Nirmala Sitharaman said on August 17 that the cryptocurrency bill is ready and waiting for the Union Cabinet's clearance. The bill was supposed to be discussed during the Monsoon Session in the Parliament but was missed.

The crypto craze in India is also huge, with Indians having invested close to $6.6 billion in cryptocurrencies till May 2021. Around 1.5 crore Indians have said they have invested in the virtual currency. Currently, about 350 startups are working in the blockchain and cryptocurrency space. 

In the latest edition of Crypto and India: The Way Ahead, hosted by Moneycontrol's Chandra R Srikanth and M Sriram on Twitter Spaces, Darshan Bathija, co-founder and CEO, Vauld; Pratik Poddar, Principal, Nexus Venture Partners; Jaideep Reddy, Leader, Technology Law, Nishit Desai Associates; and Gautam Chhugani, Director, Crypto Strategy, Bernstein spoke about future of the virtual currency 

Excerpts from the conversation: