India being “squeezed” by Bahrain to “regulate cyrpto” — meaning companies move to Bahrain
https://www.ccn.com/bahrain-india-legalize-bitcoin-crypto
The latest story is that India is revisiting it’s stance on crypto regualtion and as always there are reasons behind such a stance.
Not picking on India here, but imagine you are a country that does not regulate crypto’s?
What could happen to your software developers? What would happen to technology companies that are blockchain focused?
India is a very large country of software for software development.
Many of the companies and talent are being courted to go to neighboring countries like Bahrain where crypto regualtions are clear.
So, does India change their ways? My guess is yes. You can’t have a country the size of India turn it’s back on a global opportunity in crypto technology and blockchain.
And that would go for other countries IMHO.
Forced to compete or lose out it would seem.
Yes....talent to go where there is opportunity.
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