CoinDCX CEO: Bullish on India's Industry Trajectory Despite Tough Regulatory Environment

CoinDCX CEO Sumit Gupta expressed bullishness on India’s trajectory in the industry despite a tough regulatory environment. The country’s central bank still appears to be hostile toward the asset class, and local government authorities and tax sleuths have recently turned up the heat on crypto exchanges. Yet, Gupta projected India is on track to count the largest number of Web3 developers, which could lead to a growth spurt in the industry’s startups. "India hopefully will create more Web3 unicorns than in the last five to 10 years." he said.