By Priyam Jhudele and Anirudh Rastogi
The collapse of FTX – one of the world’s largest crypto exchanges – has sent ripples across the crypto ecosystem. It is being likened to the Lehman Brothers implosion in traditional finance. Indian investors, fortunately, had limited exposure to FTX. Yet, the Indian crypto industry will face second order effects of FTX’s collapse.
As investor outlook around crypto may dampen, and prices of all major cryptos see drops (further elongating the crypto winter). Besides, India’s recent prohibitive crypto tax regime hasn’t helped. But most importantly, FTX’s collapse may impact investor trust.
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Disclaimer
Views expressed above are the author’s own.
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