The attitude of Indian regulators will determine the development of the Indian crypto industry.

According to Cointelegraph, analyst Garrick Hileman said Indian banks are keen to enter the blockchain and digital currency markets. industry. Once this phase of the strike is eliminated, the crypto industry will grow rapidly. Now the attitude of regulators is very important to the crypto industry. Former Indian Finance Minister Subhash Chandra Garg came up with the idea of ​​banning all cryptocurrencies. At a recent trade conference, Garg said the only restriction was to prevent cryptocurrencies from functioning as currencies. They remain as commodities and can be traded and invested, but require the same management.