Binance APAC head calls India a crown jewel for crypto growth, citing strong adoption and need for clear tax and compliance rules
Binance APAC head SB Seker has described India as a “crown jewel” for global crypto growth, pointing to its rising role in the digital asset space.
His remarks come at a time when crypto markets remain volatile, yet interest in blockchain technology continues to expand across regions.
India Seen as Key Market for Crypto Growth
Seker said India holds strong value for Binance in terms of impact and reach.
He noted that the country offers more than just scale, and its influence is growing in the global crypto ecosystem. He stated, “India is a crown jewel for us in terms of impact, not just scale.”
He added that India’s young and tech-oriented population is driving adoption.
Many users are open to new financial tools, and this has helped digital assets gain traction. As a result, India is being viewed as one of the most active markets in the region.
Seker also pointed out that user engagement in India continues to rise. This trend supports long-term growth, even as short-term price swings affect sentiment. The market remains active, and new users are entering the space.
Shift From Sentiment Driven Trends to Stable Models
Seker said the crypto market is changing in nature. He explained that earlier growth was often driven by sentiment and rapid speculation.
However, the focus is now moving toward compliance and stable business models.
He stated that long-term success will depend on strong fundamentals. Platforms and projects that follow rules and show clear value may perform better over time.
“The market is moving toward compliance and sustainable economics,” he said.
This shift is taking place as global regulators increase oversight. Companies are adjusting their strategies, and they are working to meet legal requirements.
As a result, the industry is moving toward a more structured phase.
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Need for Clear Tax Rules and Compliance Framework
Seker said India can unlock further growth with clearer tax rules. He noted that current policies may slow down wider adoption.
A stable and predictable framework could support both users and companies.
He also spoke about the need for better compliance systems. Clear guidelines can help reduce confusion and improve trust in the market.
This may encourage more participation from both retail and institutional users.
India has already shown strong interest in blockchain technology. With improved regulation, the country may strengthen its position further.
Seker indicated that policy clarity could support the next phase of expansion in the crypto sector.
The comments reflect a broader view that India remains a key region for digital assets.
While global markets face uncertainty, the country continues to attract attention from major industry players.
Source: https://www.livebitcoinnews.com/binance-apac-head-says-india-is-the-crown-jewel-for-global-crypto-growth/
