Indians Want Bitcoin Despite Government Stance
Bitcoin has a tendency to show up the weakness of governments in the face of technology. This is nowhere more true than in India.
Buterin donated more than $600,000 in crypto while Srinivasan donated $50,000 and pledged up to $100,000 more.
The EY paper suggests that because Ripple is faster, less expensive and more transparent it could put “competitive pressure” on India’s traditional banking system.
The agency told banks they should consult their legal and compliance departments on whether they should block transactions on their own systems.
A proposal to integrate digital wallets into India's national software stack shows how crypto could go mainstream with government help.
"We are confident that this would be a beautiful marriage of arts, technology and commerce," one film actor said.