Cryptocurrency businesses may not get much love in India thanks to the government’s unclear regulatory stance, but other countries are rushing in to take advantage of this economic opportunity. The Bahrain Economic Development Board (EDB) is inviting Indian blockchain and crypto businesses, including other
Bahrain is trying to position itself as a hub for fintech businesses in the Middle Eastern region. In a bid to attract new startups, the country has put in place many incentives such as a regulatory sandbox, low costs of doing businesses along with accelerators and incubators.
The country sees India as a key market to fill its talent
Other countries are now courting Indian cryptocurrency businesses, whereas our own government is actively promoting the crypto brain drain from the country. Can this stop please?
(Image credit: Flickr | Allan Donque)