The creation of a single central regulatory crypto authority could bring projects like Polygon to India, says co-founder Sandeep Nailwal. amitoj reports
India needs a single regulator to oversee all crypto-related matters, says the co-founder of Ethereum-scaling tool Polygon.
“The finance ministry should be the one heading this task force, and every other institution should be given a clear mandate that no crypto case shall be handled locally. It should only be handled by the central crypto task force,” Nailwal said. Nailwal said that different government or enforcement institutions in different regions of India are all now actively involved in crypto and they each have their own definition of what crypto is. The technology requires a dedicated team, he said.
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