Topic: India's Crypto Scene has a lot going on right now - Tezos - page 2. (Read 253 times)
Unless Indian governments understand the importance of blockchain, nothing will change. Indians have banned all the exchanges from transacting with Banks. The supreme Court is yet to decide on this after more than a year. Government officials need to change first.
Just wanna know how that firm deal with the crypto regulation that already made by india government. To say if that firm will push the adoption for tezos is an easy thing to do while when the government will know that and then that firm must deal with the local institution.
As far as I know crypto is banning to operate in india. that makes me interesting to see how that firm can survive and get more and more adoptions.
As far as I know crypto is banning to operate in india. that makes me interesting to see how that firm can survive and get more and more adoptions.
Hi Asriloni,
YieldWallet founder here. There is no ban. The Indian government / Courts have not made it's decision on this yet. The only logistical problem is that the Indian central bank, the Reserve bank of India has made it illegal for Banks in India to offer services for Cryptocurrency firms. Most of our initial products do not require Indian banking services and when they do, there are already tries and tested method like P2P which will allow us to continue to build out our services.
Building tools and writing software for Tezos and other blockchains has not been outlawed in any country I know of, is it's highly improbable it will..
--
Gautam
Of course, India has a lot of resource specially in Information Technology and there are a lot of good programmers there. But the problem is that the government is trying to be aggressive against crypto.
So I wouldn't be surprised that they will enforce a full blanket ban (I hope not), but looking at how the central bank of India stance, maybe just maybe they will hinder the development of crypto in the country.
So I wouldn't be surprised that they will enforce a full blanket ban (I hope not), but looking at how the central bank of India stance, maybe just maybe they will hinder the development of crypto in the country.
Hi,
YieldWallet founder here. we're hoping it does not come to that (blanket ban), but we're prepared to deal with that eventuality by moving jurisdictions, pushing the technology envelope with DEXes, permissionless tech (Staking, Atomic swaps and so on).
--
Gautam
Just wanna know how that firm deal with the crypto regulation that already made by india government. To say if that firm will push the adoption for tezos is an easy thing to do while when the government will know that and then that firm must deal with the local institution.
As far as I know crypto is banning to operate in india. that makes me interesting to see how that firm can survive and get more and more adoptions.
As far as I know crypto is banning to operate in india. that makes me interesting to see how that firm can survive and get more and more adoptions.
Of course, India has a lot of resource specially in Information Technology and there are a lot of good programmers there. But the problem is that the government is trying to be aggressive against crypto.
So I wouldn't be surprised that they will enforce a full blanket ban (I hope not), but looking at how the central bank of India stance, maybe just maybe they will hinder the development of crypto in the country.
So I wouldn't be surprised that they will enforce a full blanket ban (I hope not), but looking at how the central bank of India stance, maybe just maybe they will hinder the development of crypto in the country.
InsideCrypto.today has always felt that India's Crypto community have the brains to make Blockchain and Crypto move into mass adoption. Check out our feature article on India's First Tezos Baker and how Indra Crypto Capital is taking Cryptos in India to a whole other level.
https://insidecrypto.today/yieldwallets-tezos-xtz-baker-now-accepting-delegations
https://insidecrypto.today/yieldwallets-tezos-xtz-baker-now-accepting-delegations
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