India Needs To Embrace Decentralization for the Benefit of All Its Citizens

The government of India’s plans to ban cryptocurrency are the actions of a misguided and ill-informed administration which fails to understand that you cannot stop the move to decentralization. That said the proposed ban by the Indian government against private cryptocurrency needs to be put in context of the real-world politics and economic concerns driving the legislative agenda.

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Why Understanding Token Utility Is Key to Finding Real Value

It feels a little like the heady days of the ICO boom of 2017/18 again with the rise of meme tokens, which have captured crypto investor’s attention following DogeCoin’s 14,000% rise in value in the first six months of 2021. Back in the ICO boom scores of crypto projects backed by little more than whitepapers and a compelling story pulled in newbie investors keen to benefit from the spectacular gains on offer. When the ICO market collapsed, and the lack of any real utility for most of these tokens became clear, as well as leaving people out of pocket it also left a question mark over the long-term value of crypto ventures.

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