How uncertain crypto regulations can limit India’s potential to be 1
The delay in creating a regulatory framework was an area of concern.The introduction of blockchain technology or Web3, was a crucial milestone in this continuous process of evolution. Birthed from the ideals of decentralization – a concept that challenges power concentration by a single entity, the convoluted world of blockchains and cryptos managed to capture the public imagination in a very short span of time.
However, the trends developing in other corners of the world reveal a fascinating story no less. So, what happens when the blockchain wave strikes the land of over 1.4 billion?. The said report mapped the global crypto landscape from the perspective of value creation and employment. However, Indian talent was not limited to the confines of the home country. The report added that there was a sizeable number of Indians working for big crypto companies globally. India was the second most common origin country for U.S.-based companies and the fourth most common origin country in the United Kingdom.Over the last three decades, India has emerged as a powerhouse in software development and information technology services.
The aforementioned report by K33 Research also touched down on this aspect. It noted that developer jobs constituted a major chunk of the Indian crypto employment market.
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