Wall Street for All? India’s Crypto Crowd Fights Back
The country’s blockchain industry has come under threat from a bureaucracy that doesn’t understand it. But two big-named proponents are coming to its defense.
Is India ready to see the light?
Photographer: Jack Taylor/Getty Images EuropeIndia’s beleaguered blockchain industry has finally got some solid support to ensure its survival, with an influential industry evangelist evoking the vision of a billion smartphones acting as gateways to the brave new world of decentralized finance.
In this world, Wall Street's capabilities will be available to everyone, according to angel investor Balaji Srinivasan, formerly the chief technology officer at Coinbase Global Inc., the largest U.S. crypto exchange about to go public. “We could turn every phone into not just a bank account but a bonafide Bloomberg Terminal,” he writes on his blog.