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Cryptocurrency firms mull moving offshore amid ban buzz in India
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business-standard.comThe buzz around the ban on cryptocurrencies in India has created an uncertain environment for crypto exchanges. Ecosystem players working in spaces like non-fungible tokens and blockchain too are in a tizzy. Many founders are planning to move their businesses to either the UAE or Singapore.
According to the data from Venture Intelligence, funding for crypto- and blockchain-related start-ups in India rose 20-fold this year. While CY2020 saw five such start-ups receiving $8 million, 24 companies attracted $502 million this year to date. The data from Tracxn shows that 376 firms have ...
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Read more on business-standard.comAbout this in other media
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India may soon ban cryptocurrency; a look at how other countries regulate digital currencies cnbctv18.com /2 years ago
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