,
4 tweets,
1 min read
Read on Twitter
Exit also strengthens voice.
The fact that Indian entrepreneurs are willing to migrate and vote with their feet/wallet against India’s crypto ban will catalyze change over the long run.
Many will probably set up in Singapore which is nearby.
The fact that Indian entrepreneurs are willing to migrate and vote with their feet/wallet against India’s crypto ban will catalyze change over the long run.
Many will probably set up in Singapore which is nearby.
I love India, but hate this policy. Very sad. Like banning the internet in the 90s, it means millions of people may lose out on the rise of crypto.
The most tragic part is that the cryptoeconomy is the first financial system that India can participate in as a true equal.
In the drafting of Bretton Woods, India was still a colony.
In the drafting of Bretton Woods, India was still a colony.
Now we have a financial system with true global equality of opportunity, which suits the unique strengths of Indians (a lot of whom are good at software!)...and the response is to ban it.
