Difficult To Ban Cryptos Outright, Says Cryptocurrency Expert

Cryptocurrencies are here to stay. Bitcoin and ETH are not scams. They are the safest way of entering the market, says Michael Terpin

Cryptocurrency is a global phenomenon that has competed with the Covid-19 pandemic to grab global headlines over the last one year. India, needless to say, hasn't been untouched by the cryptocurrency rage. Several media reports suggest that India has 8 to 10 crore cryptocurrency owners, the highest in the world.

But with the government planning to regulate cryptocurrencies, what the future holds for them remains unclear.

NDTV spoke to crypto veteran Michael Terpin, Founder and CEO of Transform Group, a leading global blockchain advisory and PR company, on the increasing push for banning or regulating cryptocurrencies, the top trends in the sector, the future of cryptocurrencies and much more.

Here are the edited excerpts of the interview.