By Amogh Tiwari
The future of blockchain and crypto innovation is bright in India. There are many partners
who will lead the future –
The young population of India to use it
Govt/RBI to oversee it
Age with super innovation abilities to make it
Indian crypto traders and builders still hold high hopes for cryptocurrencies despite vulnerabilities in cryptocurrency guidelines. This is on the grounds that crypto is yet another innovation and it will take investment to establish crypto regulations.
According to a recent survey, India is the fastest growing cryptocurrency market in the world. According to a new study, India is the fastest growing cryptocurrency market in the world. It has grown at a spectacular rate in recent years, and its pace of development has been faster than that of some other countries. Experts predict that India will play a major role in the future of cryptocurrency if it moves forward in this direction.
The fate of cryptocurrency in India looks bright, due to the country’s vibrant local community and decision-making government. The Indian government is an active player. The Indian government is currently developing a policy on Web 3.0. To be a major player in the global Web 3 economy, it must participate in improving the global strategy and adjust its strategies to this fast-paced world. Until then, Indian web3 startups are expected to struggle with a generally safe administrative climate.
Indian technology is poised to assume an important role in the development of this industry worldwide. India’s tech field has witnessed remarkable development over the past 10 years and continues to tap into the best talent from around the world.
India’s IT sector employs over 4.4 million people, 80% of whom are computer programmers, and contributed US$180 billion (or 7% of GDP) in remittances in 2020.
These engineers are very familiar with both the advances in conventional programming and the innovations resulting from them, for example, blockchain, AI, IoT and VR/AR. With additional training and experience through openness to these new advancements, they will be very well positioned to fill vital jobs in the booming Web3 economy around the world.
My take on Web3 and India – Web 3.0 is the eventual fate of crypto money, and as a global innovation leader, India should be at the forefront of creating a strategy around it.
If we don’t move forward now to smooth our strategies and participate in improving global standards, we will be left behind.
The author is founder and CEO of Deefy co
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The Future Of Cryptocurrency In India – Tech Tribune France
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