Some seemingly legitimate companies dealing in Big Money Rush are literally fronts for monetary crimes. For instance, a boutique “Bitcoin investment fund” referred to as Bitcoin Savings & Trust made a reputation for itself in the early 2010s by offering outsize returns to early traders.

Instead, India’s regulators seem to be dwelling in a fantasy land where they hold blockchain to be good, however crypto belongings to be evil. Harnessing the ability of tokens residing on distributed ledgers can save the world’s largest recipient of cash transfers billions of dollars annually.

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