Stablecoins will become a national priority for most countries going forward: S B Seker, APAC Head, Binance

Did India experience a subdued year in 2025? Will 2026 improve?

India saw robust consumer demand this year, outpacing many markets. However, it hasn’t yet translated this into national strategic priorities for digital assets. I hope 2026 brings greater clarity from policymakers, enabling service providers to align with India’s innovation goals. Countries like the US, Australia, Japan, and EU nations have defined their digital asset roadmaps—India should follow suit.

What trajectory do you foresee for stablecoins in 2026?

Stablecoins and real-world asset tokenization will drive significant growth. Their adoption has shifted digital asset use-cases beyond trading, making them a national priority globally. In APAC emerging markets facing currency volatility and inflation, retail stablecoin adoption thrives—especially for remittances and payments. Nations increasingly view stablecoins as strategic liquidity buffers, accelerating their role as digital fiat alternatives.

What do you anticipate from India’s upcoming Budget?

Key areas to watch include potential revisions to transaction-based taxes like TDS—currently rare globally—as this could signal a policy shift. Additionally, allocations toward digital asset oversight and whether a dedicated regulatory body emerges will indicate India’s licensing direction.

Should India address builders relocating offshore?

This represents a “brain drain” challenge. Many skilled professionals operate remotely for overseas entities rather than domestic firms. While talent pursues opportunity, India must cultivate local hubs to retain innovators. Policy frameworks enabling homegrown growth would be transformative.

Are acquisitions part of Binance’s India strategy?

Currently, we have no acquisition plans in India. Clarity on long-term policy—whether regulation/licensing or continued deterrence via taxation—must precede business expansion. An AML registration alone doesn’t signal proactive engagement.

How do you advocate for crypto’s legal recognition?

Our yield-generating instruments, Binance Pay, and Binance Card demonstrate crypto’s real-world utility. Stablecoins now facilitate cross-border remittances and merchant settlements, disrupting traditional finance. Reducing crypto to speculative hype overlooks its broader economic impact across financial services.

How do you establish trust with stakeholders?

Security is foundational. During October’s market volatility, Binance covered $300 million in user liquidation shortfalls within 48 hours—acting in good faith solidifies trust. Consistently prioritizing user protection defines our credibility.