Tuesday, September 21

Tag: cryptocurrency ban in india

Cryptocurrency ban may have collateral impact on Indian blockchain firms
Blockchain, news

Cryptocurrency ban may have collateral impact on Indian blockchain firms

The news of the ban on cryptocurrencies in India has become an issue for the entire blockchain world. While crypto exchanges and wallets are obviously concerned, industry stakeholders said a ban could affect non-crypto companies too — those who use the blockchain infrastructure to build decentralized applications (DAPPS). For some, this means delays in raising funds, while others are already considering winding up their India business and setting up shop elsewhere. What investors have to say? Stakeholders said that it’s unclear whether building public blockchain-based products will still be feasible if a ban occurs. A public blockchain isn’t managed by any central entity and is instead run by the public. “A blockchain by definition is a decentralized network, and a token is an integr...