In an exclusive interview, Sumit Gupta, co-founder of CoinDCX, outlined key issues for India’s crypto sector, emphasizing HIGH taxation as a critical barrier. He points out 95% of Indian crypto activities have moved offshore due to these policies, risking exposure to scams and unregulated platforms.

Gupta discussed the potential for institutional growth within the crypto market, predicting increased stability through IPOs and adoption by financial entities. This development is expected to fortify Bitcoin’s strategic global significance and drive market stabilization by 2025.

Prioritizing user security, CoinDCX invests 2-3 million USD annually in cybersecurity. Gupta noted 2025 could see increased real-world asset tokenization and blockchain innovations. He also stressed on the significance of India’s proactive stance to harness the transformative potential of blockchain.