🇮🇳 India can lead Asia-Pacific in Crypto.

Regulators should look beyond trading as stablecoins and Crypto payments are equally important.

— Binance CEO Richard Teng

Binance CEO Richard Teng recently stated that India has the potential to lead the Asia-Pacific region in cryptocurrency adoption, emphasizing its large economy and capacity for blockchain experimentation.

## Key Statements

Teng highlighted India's importance as a market, urging policymakers to embrace the sector by ensuring banking access and support beyond just trading. He specifically noted that regulators should prioritize stablecoins and crypto payments as critical blockchain use cases, alongside the Reserve Bank of India's ongoing CBDC experiments.

## Broader Context

India's young, tech-savvy population positions it for rapid crypto growth, with Teng calling for regulatory clarity on trading, stablecoins, custody, and blockchain applications to unlock innovation. Binance is engaging Indian authorities to develop responsible frameworks, drawing from its licenses in 22 global jurisdictions. This aligns with global shifts, such as U.S. policy changes boosting crypto worldwide.

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