The intersection of AI and cryptocurrency development could significantly impact global trade dynamics. China’s cost-efficient AI models, combined with its CBDC initiative, could accelerate de-dollarization efforts. The digital yuan, potentially enhanced by AI-driven financial systems, could facilitate direct settlement of international trades without using the dollar, particularly within China’s Belt and Road network. Meanwhile, the U.S. strategy of fostering private sector innovation in both AI and crypto could help preserve its technological and financial leadership. American firms could develop AI-enhanced crypto products and services that reinforce U.S. financial dominance.
The convergence of artificial intelligence (AI) and blockchain is opening new frontiers for transparency, data ownership, and decentralised AI applications. In the words of our Prime Minister, “Make for India, Make for the World.” this vision should be extended to every corner of our innovation ecosystem, including the transformative world of Web3 and blockchain. A reduction in TDS to 0.01% and the ability to offset losses would have been game-changing for the industry. While we understand the need for caution, the lack of regulatory clarity is holding back an entire sector that could otherwise contribute significantly to India’s digital economy.
Bitcoin’s resurgence in late 2024 — often referred to as the ‘Trump Bump’ after former US President Donald Trump’s public endorsement of blockchain initiatives — has reignited interest in the crypto market. Bitcoin recently breached the $100,000 mark, reflecting renewed investor confidence. Log out of your current logged-in account and log in again using your ET Prime credentials to enjoy all member benefits. The year 2025 stands as a pivotal moment for crypto, with innovation and adoption reshaping traditional paradigms.
The silence in this year’s budget is disheartening, but it also serves as a reminder of the urgent need for dialogue and collaboration between the government and the industry. Despite providing ample justifications around the ambiguity in Section 194S, the government has overlooked the concerns of Indian wealth shifting offshore, resulting in a significant loss of crores in tax revenue. As a compliant company, we are disappointed by the lack of recognition of these challenges. For Indian investors, this is an exciting time to explore new opportunities while staying informed about emerging trends. Our community is about connecting people through open and thoughtful conversations. We want our readers to share their views and exchange ideas and facts in a safe space.
This surge is underpinned by a lot of macroeconomic factors like the ascension of Trump to US presidency, his pro-crypto stance, and the probable setting up of a US strategic BTC reserve. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters. Countries around the world are embracing Web3 and blockchain with thoughtful regulations, and India risks falling behind if decisive action is not taken soon.
