Published On: Sat, Jan 13th, 2018

India Eyeing Opportunity Amid China’s Crypto Mining Exodus

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“When one door closes, another one opens,” so the saying goes. This is particularly relevant in crypto land where digital doors open and close daily. China’s crypto mining clampdown last week has sparked an exodus from the country to friendlier climes, and India has seen an opportunity.
Cryptocurrency enthusiasts in India are being made offers to set up mining facilities according to reports. This has come despite the government’s still cautious stance on digital currencies. In recent weeks Indian banks have been flexing their muscles with crypto exchanges and clamping down on transfers for crypto trading.

India may turn a global mining Hub of cryptocurrency as China stamps out bitcoin miners by @DipuraiRai
— Dipu Rai (@DipuraiRai) January 12, 2018

Digital Offers
According to one crypto engineer associated with mining operations:
We have received several offers over the past few days. We are considering it as a business opportunity as mining operations. We are now waiting for the government of India’s guidelines for crypto business.
Entrepreneurs are hoping for clear incentives from the government in order to legally operate mining facilities within the …

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  1. DARK DARK says:

    India Eyeing Opportunity Amid China’s Crypto Mining Exodus

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    India Eyeing Opportunity Amid China’s Crypto Mining Exodus

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