RATE Group | Ethereum [ETH]’s Joseph Lubin hopeful of a cryptocurrency-accepting India
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Ethereum [ETH]’s Joseph Lubin hopeful of a cryptocurrency-accepting India

21 Jul Ethereum [ETH]’s Joseph Lubin hopeful of a cryptocurrency-accepting India

Posted at 00:49h in Ethereum News by

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In a recent interview with Economic Times, Joseph Lubin, the co-founder of the blockchain-based open-source platform, Ethereum opened up about India’s acknowledgment of the rising need for cryptocurrency regulation in the country.

According to an excerpt of the interview, Lubin is quoted to have said:

“Once people explain things to you and you see the power of technology, you also understand that it can protect systems better. I am fully confident that this country will embrace profound technology,”

The biggest reason, according to Lubin, for regulators and political leaders to vehemently oppose trading in cryptocurrency (as is evident by the recent petition by the Reserve Bank of India to ban cryptocurrencies in financial institutions), is because of the severe lack of knowledge and information about cryptocurrency and blockchain technology.

There is also the fact that there is no such opposition to blockchain technology in general that exists in the country….

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