CoinDCX appoints former Dream Sports executive as head of public policy

At CoinDCX, Vivekananda will help drive a positive narrative for the crypto industry in India. He joins CoinDCX from Dream Sports Inc., where he was Chief Policy Officer and was responsible for driving advocacy efforts for the online gaming industry.

Vivekananda has over two decades of experience and has worked with Uber India and HCL Infosystems in the recent past.

“Kiran’s deep expertise in developing public policy strategies will strengthen our efforts to further the Indian crypto industry mandate and represent the industry in relevant forums,” said Sumit Gupta, Co-Founder and CEO of CoinDCX.

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. The Indian VDA market,” he added. It is the second largest market. in the world and I believe this presents a tremendous opportunity for India to lead the world in technology-driven digital innovation in the crypto/web 3.0 space. I will leverage my experience in addressing regulators’ concerns and driving positive narratives/usage. Cases of Crypto/Blockchain Technology”.

Vivekananda’s appointment comes at a time amid unclear rules on the legality of crypto assets in the country. At the same time, the recently introduced taxation norms, which include 1% TDS on every transaction and flat 30% tax on profits, have resulted in a 90% drop in trading volumes on Indian exchanges.

Meanwhile, the government is in the process of drafting rules surrounding the governance of crypto assets in the country.

CoinDCX is India’s most valuable and one of the largest crypto exchanges serving over 13 million users. Coindcx chief operating officer Mridul Gupta said in a recent interview to Mint that the exchange currently had around 560 people, and were in line to meet its estimate of having a 1,000 headcount by the end of the year.

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