Blockchain Unlocks Investment Opportunities for Nations

Kapil334

In Modi's speech, there is also mention of India's recognition of blockchain, considering it as an investment opportunity in "cutting-edge technology." He stated,

"The technological opportunities include opportunities in cutting-edge technologies such as 5G, big data analytics, quantum computing, blockchain, and the Internet of Things (IoT)."

Modi mentioned that India is committed to providing a more convenient environment and infrastructure for investors, and optimistic investment sentiment will be seen as India's main business ratings improve. In the past six years, India has implemented reform measures to make the economy more open, resulting in attracting $20 billion (approximately 589 billion New Taiwan Dollars) in investments, even during the nationwide lockdown due to the COVID-19 pandemic.

Earlier this year, the Supreme Court of India overturned the Reserve Bank of India's (RBI) "cryptocurrency ban" issued two years ago, ruling that the RBI's actions were unconstitutional. Shortly after the news spread, the community celebrated, calling it a "historic decision."

Vaibhav Kakkar, a partner at L&L Partners law firm, stated, "Cryptocurrency is an exciting technology that needs careful consideration. With this decision, it is possible to implement more mature and balanced regulations for cryptocurrency and the entire fintech sector."

Shri333

This is also something worth looking into for opportunities.

Ritu77

It makes one really think they're an expert.

Samiksha

It's worth paying attention to this as well.