Crypto exchange CoinDCX on Tuesday said it has appointed Kiran Vivekananda as chief of public policy and government affairs to work closely with regulators and industry stakeholders. CoinDCX is India’s most valued crypto startup.
At CoinDCX, Vivekananda would help drive a positive narrative for the crypto industry in India. He joins CoinDCX from Dream Sports Inc, the owner of fantasy platform Dream11 where he was the chief policy officer and was responsible for driving advocacy efforts for the online gaming industry.
Vivekananda has experience of over two decades and earlier worked with Uber India, Canara Bank, and HCL Infosystems, to name a few
Sumit Gupta, co-founder & chief executive officer, CoinDCX said, “Kiran’s deep expertise in developing public policy strategies will strengthen our efforts to push the Indian crypto Industry mandate and represent the industry at relevant forums.”
On the appointment Kiran thanked the CoinDCX family for giving him the opportunity and said, “I look forward to working towards supporting a progressive policy and regulatory environment for the Crypto Industry”.
He further added that, “The Indian VDA market is the second largest in the world and I believe that this presents a tremendous opportunity for India to lead the world in the technology-driven digital innovation in the crypto/ Web 3.0 space. I will leverage my experience in addressing concerns of regulators and in driving positive narratives / use cases of the Crypto / Blockchain Technology”.
The hiring of Vivekananda has come at a time amid unclear regulations on the legality of crypto assets in the country. Crypto assets have slumped nearly 70% since all time high. At the same time, recently introduced taxation norms, including 1% TDS on each transaction and flat 30% tax on gains, have resulted in up 90% drop in trading volumes at Indian exchanges.