Crypto news: Logical reactions to the Indian ban
Fund with 20 mil$ in USA for cryptocurrency, set up from Indian Investors in USA
If will do not India, do will USA
What will the government of India and when to decide on crypto currencies?
Why wait, and the decision can be a continuation of old practice?
That is why a small group of influential investors from India launched B1T Capital - an American incubator focused exclusively on cryptovalues.
According to SEC records, the fund was registered on June 26, 2018 in Salt Lake City, Utah, and raised "nearly one million dollars" from of unpublished investors.
Fund will invest exclusively in crypto-tech startups registered in the US through private pre-production.
B1T Capital's partner Utsav Somani explains that this move was a simple choice given the unmatched lack of regulations in India,
and with a very favorable regulatory and technological environment in the US that contributes to their decision.
The businessman confirmed that all partners are Indian citizens, "except maybe a few".
Somani before a couple of days:
"In 2018, there will be 500 new crypto funds globally, and it is interesting that no one is from India." B1T Capital is a step in the change. "India is the most common geographic geography on the market that will need to access projects at some point in their maturity curve."
He also said that the landscape of the crypto-market is continually changing and it is more difficult to create a long-term strategy but B1T Capital hopes to resolve it by re-evaluating the portfolio "every few months".
The notorious ICO market is outside of B1T's investment strategy.
Somani noted that B1T Capital did not want to "flip projects like retail investors," than project what looks promising, trying to redefine protocol layers for different issues and bring innovation.
Somani believes that upcoming India elections in 2019 will bring politicians to exploit the industry and vote for (crypto community) benefit.
Conclusion
The historic wheel of change can not be stopped.
Politicians can slow it down (for known reasons, probably - money).
Smart and capable people do not have to wait.
The world is now a big stage and you just leave ban place and keep working where it's allowed.
The biggest inconvenience is - relocation ...
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source
Another great post!
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Great thanks.
You are very welcome.
Nice job sir.it is realty ban in India.
All crypto bans are Sizif's job. Time, just only is question...
How many times has this happened:
"Cryptocurrency is risky" "You know what, we're banning it outright." "Wait, wait! We didn't say 'ban'. You just misinterpreted us." "But cryptocurrency is still risky. Maybe we'll ban it." "No, wait! We can't ban it. Who said anything about a ban? You're crazy. You're acting crazy right now. Of course cryptocurrency isn't banned." "But, you know, maybe we should ban it."
Exellent comment!
Every decision no matter how stupid and meaningless it has to be backed up by "smart reasons".
Not all can leave places for crypto when they are depending on crypto to make them rich. However, they can relocate if they are already rich, what do you think on this point?
Good question!
Relocation is only by the way.
I speak about strong investors
I wanted to say that bans can not stop anything.
Yes, this revolution is unstoppable ... we are on the same side this also means that we are going to live rich or die poor depending on the outcome of this revolution.
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