Crebaco Global CEO: No research so far suggests crypto industry poses threat to Indian economy

According to Cointelegraph, Sidharth Sogani, CEO of Indian blockchain and crypto company Crebaco Global Inc., said in a recent interview that no research so far has shown that the crypto industry poses a threat to the Indian economy: "So far, the crypto economy is less than 2500 Billion dollars, assuming that all bitcoins around the world are used for terrorism and money laundering, it will still be smaller than the fiat currency used for money laundering, terrorist financing and other illegal activities. "About the untraceable nature of Bitcoin, and many The claim that people use venture capital funds to evade taxes, Sogani said that the RBI is only making assumptions, and its claims are baseless. He claims that BTC is actually traceable because proper regulatory infrastructure is in place. He believes that if regulated entities such as banks start accepting bitcoin, then the government and regulators such as the Indian central bank can better track the movement of bitcoin.