India’s upcoming cryptocurrency legislation has got the backing of the country’s richest man.
Mukesh Ambani, chairman and managing director of Reliance Industries, said on Dec. 3 that he believes in blockchain technology. It can extend unprecedented security and trust, besides ensuring automation and efficiency, to nearly any form of transaction, he said at Infinity Forum, a global financial tech event.
“Blockchain is a technology I believe in and it’s different from crypto. I think smart token is making sure that you are creating transactions that can never be changed,” he said. “Today it still is a world where large companies get easier finance and small companies don’t get easier finance, and the same thing with people, and I think that will change.”
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