Differing Crypto Dynamics & Bets in South Asia
It is not just politics that India and Pakistan differ on; even in the crypto space, the views of both countries are diverging significantly.
In a clear case of crypto adoption, Pakistan recently signed a deal with Binance to promote digital asset growth and regulatory development in the country.
On the other hand, in India, crypto is not legal tender, with the Reserve Bank of India remaining steadfast that cryptos do not have an intrinsic value and threaten financial stability.
While India has hailed the underlying technology – blockchain, several times as the next important tech innovation, the country has discouraged crypto investment.
Pakistan’s Embrace
Until last year, US President Trump was not in favour of cryptos.
But since his…
