“In India the place we have now capital controls when you may’t freely commerce the rupee for us to allow crypto belongings shouldn’t be actually possible,” Sinha mentioned. “In contrast to different economies like Singapore, or Korea or the US which have freely tradable currencies, and might get into crypto with lots much less trepidation. So far as India is anxious, we have now to be very, very cautious, very, very cautious once we speak about crypto. However crypto buddies is only one use case for what’s a revolutionary set of applied sciences that underlie Web3.”
