Due to the toughening of the crypto regulations in India, blockchain brainy people such as developers and service providers along with crypto companies are migrating to where the outlook on crypto is warmer, mainly Estonia, Switzerland, and Thailand.
This is isn’t a new practice for those in the blockchain industry, since other countries like Malta, Ireland, and Singapore have been attracting blockchain-based startups with their friendly crypto ecology and tax benefits.
WHY IS IT IMPORTANT?
- Often seen as the industry of the future, the countries that tighten the leash on blockchain now may come to regret it later when the talented individuals have all long gone to seek their fortune elsewhere.
- Countries that provide a stable and friendly environment aid the whole industry by helping crypto enthusiasts come together leading to the development of new innovative technologies.
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