Binance CEO Declares: India Poised to Become the Next Global Crypto and Web3 Powerhouse

Forget Silicon Valley—the next great leap in digital finance might just come from the subcontinent.

India's massive tech talent pool and rapidly digitizing economy are creating the perfect storm for blockchain innovation. The country isn't just adopting crypto; it's building the infrastructure to define its future.

The Regulatory Tightrope

Navigating India's regulatory landscape remains the industry's biggest challenge. Clear rules could unlock billions in capital and talent, while ambiguity keeps major players watching from the sidelines—a classic case of bureaucratic friction slowing down a financial revolution that waits for no one.

Web3's Sleeping Giant Awakens

From decentralized finance protocols to NFT marketplaces tailored for local culture, Indian developers are building solutions for the next billion users. This isn't about copying Western models—it's about creating a parallel digital economy that bypasses traditional banking bottlenecks entirely.

The final piece? A regulatory framework that protects investors without stifling innovation. Get that right, and India won't just participate in the crypto revolution—it'll lead it. After all, what's more disruptive than a nation of a billion people deciding to rewrite the rules of money itself? (Take that, Wall Street.)

Weathering a turbulent crypto year

The year 2025 brought dramatic swings — Bitcoin (BTC) soared past $100,000 before a steep crash in October that forced shutdowns of several Digital Asset Treasury firms. But Teng believes the broader picture remains optimistic: “If you look at Bitcoin, it started in 2024 at around $40,000. Even at today’s rate, it has more than doubled.” 

He noted that stablecoins, crypto payments, institutional investments, and real-world asset tokenisation have all accelerated significantly.

He also pointed to a major shift in global policy sentiment. “The US has gone from anti-crypto to now wanting to be the crypto capital of the world,” Teng said, adding that nations must reposition quickly to avoid losing technological advantage in the next financial era.

India’s untapped potential makes it a priority

Teng said India remains central to Binance’s growth plans, driven by a young, tech-forward population — about 70% of the country is under 35 — that is quick to adopt new digital tools. 

He added that India’s importance goes beyond being a market with millions of users. It is also home to talented developers, ambitious founders, creative entrepreneurs, and a strong Web3 community that is already building for the future. With that kind of energy and innovation, Teng believes India can rise as a major Web3 hub in the Asia-Pacific region.

Binance is registered with the Financial Intelligence Unit (FIU) in India, and the exchange continues dialogues with government bodies. However, Teng hopes regulators will widen support to include stablecoins, payments and banking access: “We do hope that there will be more embracement by the policymakers, the regulators, on the different aspects of crypto.”

Compliance, CBDCs and regulatory path ahead

On tax scrutiny around offshore wallets in India, Teng avoided specifics but reiterated Binance’s cooperation with global authorities: “We want to make sure that we respect all the policies of the country, and work hand-in-hand to uphold standards, AML requirements, sanctions requirements.”

He welcomed India’s work on the digital rupee through RBI’s CBDC pilot. According to Teng, government-led experimentation helps deepen blockchain understanding and ultimately benefits the overall ecosystem. “The very fact that the RBI is experimenting with CBDCs… the more they understand the better it is,” he said.

A long-term bet on crypto’s future

Teng closed with a message of perseverance and confidence: Binance is building for decades ahead, not quarterly market cycles. “We are long-term builders,” he said. “We want to build a sustainable industry and a sustainable company going into the future.”

Also Read: Crypto Goes Mainstream in 2025, Says CoinSwitch Co-founder at IBW