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Cryptocurrency firms mull moving offshore amid ban buzz in India

admin by admin
November 26, 2021
in Cryptocurrency
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Cryptocurrency firms mull moving offshore amid ban buzz in India
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The excitement across the ban on cryptocurrencies in India has created an unsure atmosphere for crypto exchanges. Ecosystem gamers working in areas like non-fungible tokens and blockchain too are in a tizzy. Many founders are planning to maneuver their companies to both the UAE or Singapore.

In accordance with the info from Enterprise Intelligence, funding for crypto- and blockchain-related start-ups in India rose 20-fold this 12 months. Whereas CY2020 noticed 5 such start-ups receiving $8 million, 24 firms attracted $502 million this 12 months thus far. The info from Tracxn reveals that 376 companies have …




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First Printed: Fri, November 26 2021. 06:02 IST





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