The Future of Digital Asset Protection in India: How Should We Get Involved?

If there are no safe methods to store digital assets, investors may face risks, hindering widespread adoption. Currently, discussions regarding the protection of digital assets are ongoing in India, but what will happen if this trend continues?

1. Today’s News

Source:
Why India’s digital asset push needs a custody framework

Summary:

• If regulations concerning the protection of digital assets are not in place, adoption will not progress.
• Inadequate protection exposes investors to risks and undermines industry trust.
• Without a secure custody framework, it is difficult for institutional investors to enter the market.

2. Considering the Background

Digital assets, including cryptocurrencies and digital securities, are gaining attention as new forms of property. However, due to the lack of safety and protection mechanisms, investors and companies cannot transact with confidence. Particularly in India, rapid digitalization is occurring alongside lagging legal frameworks and infrastructure, creating significant issues. This challenge is also related to the security of online banking and electronic money that we commonly use. If these systems were improved, it could lead to a safer and more convenient digital society.

3. What Does the Future Hold?

Hypothesis 1 (Neutral): A future where the protection of digital assets becomes standard

As protection for digital assets advances, investors will be able to manage their assets with peace of mind. This will create an environment where not only individuals but also companies and large institutions can trade safely. People will feel digital assets are closer to them and will utilize them in their daily lives.

Hypothesis 2 (Optimistic): A future where the digital asset market grows significantly

With the establishment of a safe protection framework, the digital asset market will experience rapid growth. New business models will emerge, invigorating the entire economy. People will enjoy more options and freedom through digital assets, and perspectives on personal asset management will change.

Hypothesis 3 (Pessimistic): A future where trust in digital assets dwindles

If protection does not improve, fraud and scams will thrive, increasing the risk of asset loss for investors. The digital asset market will lose trust, stall in its development, and people will continue to feel anxious about digital transactions. Ultimately, the progress of digitalization may slow down, causing India to fall behind other countries.

4. Tips for Us

Mindset Tips

• Reevaluate your views on digital assets and deepen your knowledge.
• Have expectations for a safe and convenient digital society and actively gather information.

Small Practical Tips

• Regularly enhance your security awareness and learn how to manage digital assets.
• Share information about digital assets with those around you and promote safe usage methods.

5. What Will You Do?

• Will you actively learn about the safety of digital assets?
• What social efforts do you think are needed regarding digital asset protection?
• How do you think digital assets will relate to your life?

What future do you envision? Please let us know via social media quotes or comments.