Binance's APAC Head SB Seker Calls India a 'Crown Jewel' for Crypto Market

Binance's APAC Head SB Seker has highlighted India's importance as a market for the exchange, calling it the 'crown jewel' due to its unique combination of digital infrastructure, demographic profile, and developer talent. This assessment is based on Seker's observations of India's deep digital penetration, young tech-savvy population, and growing developer community.

In an exclusive interview, Seker noted that India needs regulatory clarity on two key fronts: a pragmatic taxation approach focused on capital gains realized with provisions for limited loss set-off, and clear operating standards for VDA platforms aligned with AML/KYC and investor protection priorities. This call to action is in line with the crypto industry's long-standing criticism of India's punitive tax regime.