Support for cryptocurrency regulations in India: Anantha Nageswaran, India’s Chief Economic Advisor, urges regulators to create a transparent framework that supports cryptocurrency innovations. He emphasizes the need for rigorous social cost-benefit analyses, particularly in a country with a low per-capita income of 2,100 USD.
Transparency in regulatory practices: Nageswaran stresses clarity in regulatory objectives, criticizing excessive powers held by unelected officials. By enhancing accountability through transparent information sharing, he aims to quell concerns within the rapidly evolving crypto market amidst rising tax policies.