Tim Draper Wants to Invest in Indian Crypto Startups

 

Tim Cook Draper, an American venture capital investor, has an intention to invest in Indian crypto startups. On his latest visit to India, Draper met key cryptocurrency founders, stakeholders.

Previously, Draper criticized the Indian government for mulling to ban crypto assets. However, after the Supreme Court’s Judgement, he is optimistic that the best ideas will finally prevail in cryptocurrency market in India. On his official Twitter account he wrote: “A renaissance for India. Now crypto is legal. #bitcoin #india.”

Commenting over the judgement, Draper mentioned: “The Supreme Court of India & the Indian government have shown that the best ideas ultimately prevail, and just in time, because the benefits of Bitcoin and crypto over current systems will become apparent during this crisis.”

It’s worth noting that the Supreme Court’s 180-page-long judgement has brought a clear understanding of crypto as well as its legal standing in India. It is also bound to set a precedent across lots of other countries around the world, and especially developing countries.

 

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