According to @smtgpt, building crypto businesses in India remains extremely challenging due to ongoing regulatory uncertainty and media scrutiny. However, the resilience and determination of entrepreneurs continue to drive meaningful innovation in the Indian crypto sector. For traders, this suggests potential volatility in Indian crypto markets and highlights the importance of monitoring regulatory developments closely, as local sentiment and policy changes can significantly impact trading volumes and asset performance. Source: @smtgpt (Sumit Gupta, CoinDCX).