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25 June 2021

Lawmakers should treat crypto like gold or real estate: Indian tech magnate

Lawmakers should treat crypto like gold or real estate: Indian tech magnate


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Speaking to theFinancial Times, Nilekani warned that prohibitive regulations could result in significant missed opportunites for India, asserting that a more permissive approach would let the country to tap into the $1.7 trillion digital asset market and allow “crypto guys to put their wealth into India’s economy.

In December 2016, he joined a committee to investigate how people in India could use digital payments to a greater extent, and in 2019, he chaired a central bank committee on digital payments.

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