cryptocurrency: An act of benevolence: how cryptocurrency investors are stepping in to help India in time of need

April 28, 2021 admin Cryptocurrency News 0

Concept by Sidhartha Shukla and Muhabit ul haq

Synopsis

The future of cryptocurrencies, an asset class that has created immense wealth for investors across the world, is uncertain in India. While the global cryptocurrency community’s eagerness to help India fight a deadly second wave of the pandemic is commendable, the regulatory environment in the country could be a stumbling block.

It all started with a tweet over the weekend.“Can’t take this sitting down anymore, I am going to run a Covid relief campaign… Need help from the global crypto community. I will take full responsibility for transparency, funds’ usage, and regulatory compliance,” Sandeep Nailwal, chief operations officer at Ethereum (ETH) scaling platform Polygon, tweeted on Saturday.Nailwal’s call for help from the global community came at an opportune time as