Top manager of Coinbase: "India can become a center for the development of finance and cryptocurrencies" – Bits Media

Coinbase Product Development Director Surojit Chatterjee said, that India could become the new center of the finance and cryptocurrency industry, if it introduces clear rules for their regulation.

How
reported by CoinQuora, Surojit Chatterjee (Surojit Chatterjee) compared cryptocurrency industry since the early days of the Internet in the mid-90s. In his opinion, developers have to create many more solutions, to improve traditional industries and people's lives using cryptocurrencies.

Talking about digital asset regulation in India, Chatterjee said, what, if the Indian government introduces reasonable regulations to oversee crypto assets, this will help the development of the industry. At the beginning of September it became known, that the Indian authorities will not ban cryptocurrencies in the country and have already begun to develop a tax regime for cryptoassets.

“If India supports innovation in finance and cryptography, the country can become a new international financial center", - Chatterjee said.

Besides, he is convinced, that decentralized finance can improve the traditional sphere of payments and lending, and also open up many other possibilities. Therefore, Chatterjee advised entrepreneurs and young people, recently graduated, start studying the principles of blockchain and Solidity - a programming language for creating Ethereum smart contracts.

In April, Chatterjee unveiled a new initiative from the Coinbase exchange called Project 10%, according to which the trading platform will allocate 10% its resources for innovative experiments.