He expects that there will not be one encompassing law or regulation and that there will be separate frameworks for different parts of the ecosystem.
Rs 2,790 crore money laundering probe: Yet to receive ED notice, compliant with all laws, says WazirX
The ED said that it initiated the investigation on the basis of the ongoing money laundering investigation into Chinese owned illegal online betting apps
The agency issued a statement saying that it stumbled upon the transactions of the company during an ongoing money laundering probe into the "Chinese-owned" illegal online betting applications.
The Indian crypto community consists of over 10 million crypto holders holding over $1 billion worth crypto assets, 300+ startups generating tens of thousands of jobs.