india crypto bill: Blockchain firms unfazed by India’s crypto bill, likely ban

November 25, 2021 Editor Blockchain 0

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

Synopsis

Adoption of blockchain also will not be affected but it can hurt startups and professionals in the shared blockchain and cryptocurrency space, pushing them towards more favourable geographies, analysts say.

Mumbai: India’s proposed cryptocurrency bill is unlikely to affect blockchain, stakeholders said, though a blanket ban will create chaos for investors and the government alike.

Adoption of blockchain also will not be affected but it can hurt startups and professionals in the shared blockchain and cryptocurrency space, pushing them towards more favourable geographies, analysts said.

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blockchain is a decentralised ledger of all transactions

BY

Romita Majumdar

ET Bureau

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