Even as India considers reining in crypto advertisements, the government is unlikely to go the China way and ban trading in cryptocurrencies. As it gains popularity in India, intermediaries say imminent regulations and minor curbs could boost crypto trading volumes and further mainstream adoption
There is also the parallel universe of decentralised financial (Defi) or alternative financial services building on blockchain applications where customers can transfer, trade or borrow cryptocurrencies
Illustration: Chaitanya Dinesh Surpur