Binance CEO Changpeng Zhao warns rupee to historic lows, India's protectionism is dragging down the economy

The Indian rupee fell to an all-time low of 88.44 against the dollar amid global market turmoil and U.S. tariff pressure. Binance founder Zhao Changpeng criticized India's protectionist policies, warning that these policies have stifled innovation and hurt long-term economic growth. Although India is leading the way in global cryptocurrency applications, it remains cautious about cryptocurrency regulation, with investors holding up to $4.5 billion in cryptocurrency assets. The country is still postponing the introduction of comprehensive cryptocurrency laws to await clear regulations from U.S. regulators.