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Binance CEO Richard Teng highlights India's potential to become a leader in global cryptocurrency adoption, citing the country's tech-savvy youth and the importance of clear Web3 regulations
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Teng identifies India as a priority market for Binance due to its large population, expanding digital infrastructure, and active developer ecosystem, which contribute to its high ranking in global crypto adoption
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Regulatory clarity is emphasized as crucial for India to unlock its full potential in crypto innovation, with Binance engaging with Indian authorities to support a policy framework that balances innovation and consumer protection
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Crypto adoption is becoming mainstream, shifting from retail speculation to professional investment, with institutions, corporates, and sovereign wealth funds increasingly participating in digital assets
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Regulatory clarity, particularly in the United States, has been pivotal in transforming the crypto landscape, with President Trump’s pro-crypto stance influencing global perceptions and fostering stablecoin innovation
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Binance is recognized as one of the most regulated crypto exchanges worldwide, collaborating with regulators to support responsible innovation and contribute to India's ambition to build a forward-looking Web3 ecosystem
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President Trump’s pardon of Binance founder Changpeng Zhao is seen as a positive development for the industry, reinforcing the US.'s potential to become a global crypto capital.
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Addressing controversies, Teng dismisses claims about Binance's involvement with the Trump-linked "World Liberty" stablecoin, clarifying that Binance supports innovation without political agendas
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With nearly 300 million global users, Binance is expanding in high-growth regions like India and Southeast Asia, aiming to support tokenization, blockchain development, and institutional-grade infrastructure
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Teng concludes that India's youthful population and innovative mindset position it to define the next wave of crypto, potentially establishing the country as a global crypto hub if regulatory clarity and collaboration persist
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