RATE Group | Open Letter to India’s Finance Minister on Crypto Sector Potential
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Open Letter to India’s Finance Minister on Crypto Sector Potential

01 Feb Open Letter to India’s Finance Minister on Crypto Sector Potential

Posted at 04:21h in Cryptocurrency News by

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Open Letter to India's Finance Minister on Crypto Sector Potential 101
Source: iStock/Nuthawut Somsuk

Sumit Gupta is the CEO of cryptocurrency trading platform CoinDCX, which Gupta co-founded in early 2018.
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An Open Letter to the Finance Minister of India, Nirmala Sitharaman, on the Potential of India’s Cryptocurrency Sector and the Benefits it Presents to the Indian Economy

Dear Minister,

My name is Sumit Gupta, and I am Co-founder and CEO of cryptocurrency trading platform, CoinDCX. I am writing to you ahead of the upcoming Union Budget to discuss concerns regarding the future of Indian enterprise and innovation—and to bring to your attention the profound benefits which the cryptocurrency sector can present to the Indian economy.

Let me be the first to assure you, that the intent of leaders within the cryptocurrency sector is not to threaten the current system; nor is it to replace the role of central banks, traditional monetary policy, or fiat currencies within the complex dynamics of economies around the world. Our goal is to…

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