Young Indian startups are the need of the Indian Web3 environment
Despite its antagonism toward crypto assets, India, according to Binance CTO Rohit Wad, is a favourable environment for locating elite crypto talent
With the recent developments in the crypto world and India still being sceptical about creating laws that help crypto transactions, the CTO of Binance, Rohit Wad, has announced that India is the powerhouse of talent and will be contributing to the crypto world, both in terms of working professionals and start-ups. The Indian web3 sector is not thriving as well as other countries due to the scepticism and lack of support from the Indian government and the Reserve Bank of India. The taxation rules related to crypto transactions also make things difficult.
The Binance CTO also mentioned that they want to hire interns from premier institutes of the country, train them about the know-how of the industry and then motivate them to start their own bootstrapped web3 start-ups. Despite the heavy laws that deter the country's youth from trying their luck in web3 innovation, Wad is very optimistic about the youth and believes that change is very near. He also mentioned that the world should take lessons from India as the country still has a thriving population who invest and work in the Web3 environment of the country.
Last Updated :
November 24, 22 05:39:58 PM IST