India crypto bill: blockchain companies are not fazed by India’s crypto bill, likely ban

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A blockchain is a decentralized ledger of all transactions on a peer-to-peer network without the need for a central clearing authority. (Illustration: Rahul Awasthi / ETtech)

Synopsis

Blockchain adoption won’t be affected either, but it can hurt startups and professionals in the blockchain and cryptocurrency shared space, pushing them to more favorable geographies, analysts say.

Mumbai: India’s proposed cryptocurrency bill is unlikely to affect blockchain, stakeholders said, although a blanket ban will create chaos for investors and government. Blockchain adoption won’t be affected either, but it can hurt startups and professionals in the blockchain and cryptocurrency shared space, pushing them to more favorable geographies, analysts said. . A blockchain is a decentralized register of all transactions

THROUGH

Romita Majumdar

AND Office

November 25, 2021, 11:17 PM SIZE OF ITEM ISTGIFT POLICE

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