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I love the fact that people are calling the fall in crypto prices a dip: Binance’s Vishal Sacheendran
- India leads global adoption of cryptocurrency for the second consecutive year, attracting attention from global exchanges like Binance.
- Binance re-entered the Indian market in August 2021 and received a $2 billion investment from Abu Dhabi-based firm MGX.
- Vishal Sacheendran from Binance discusses the growth of crypto adoption in India, particularly among retail and institutional investors.
- Regulatory landscape in India is evolving, with discussions on asset-based regulations and potential for crypto ETFs.
- Binance focuses on education and compliance in India to bridge the gap between innovators, regulators, and investors.
- FIU in India has shown openness to foreign players, working collaboratively to shape a sustainable regulatory framework for the crypto industry.
- Despite recent price fluctuations, Vishal views market corrections as natural in the crypto space, with opportunities for seasoned investors.
- Institutional investors' long-term investment approach influences a shift towards holding crypto for longer periods.
- Binance's stance on the competitive landscape in India is centered on expanding the crypto industry and increasing adoption, rather than solely focusing on market share.
- Binance emphasizes the goal of expanding the crypto user base globally to drive industry growth and development.
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