December 04, 2021

EP026 - Exchanges- In conversation with Ashish Singhal, Founder and CEO, Coinswitch

17 minutes

This week we look at how Digital Asset Exchanges work and try and understand what has been the uptake of crypto in India. And to shed more light on this we caught up with Ashish Singhal, Founder and CEO of Coinswitch Kuber, one of India’s largest Digital Asset Exchanges. We discussed:

His entry into the world of Crypto

Types of Digital Asset Exchanges

Business Models

The story behind Coinswitch Kuber

Uptake of Crypto in India

The road ahead for Crypto in India

Do listen to this episode to understand digital asset exchanges

Notes

We recorded this episode a few weeks back, just as the craze around the SQUID token was taking off. Shortly after recording, the token crashed to almost zero, further underscoring the speculative nature of some digital assets.

Also, after we recorded this episode, the Government of India indicated that it would table a bill in the Indian parliament, reportedly banning crypto assets. We caught up with Ashish and here is what he had to say on the topic - “India has an opportunity to be at the forefront of crypto innovation by adopting a regulation that enables innovation while protecting customers. Our discussions over the last few weeks indicate there is broad agreement on ensuring customers are protected, financial system stability is reinforced, and India is able to take advantage of the crypto technology revolution. For now, Crypto investors in India should wait for a government statement on this matter and not rely on secondary sources of information” - Ashish Singhal, Founder and CEO, Coinswitch; and Co-chair of IAMAI's Blockchain and Crypto Assets Council (BACC)

Additional Information

Coinswitch Website

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