As India Changes Cash War Goal Posts, Bitcoin Gets Blamed for Capital Flight
Delhi has been ruled by many an odd ruler but the strangest until now was a Sultan by the name of Muhammad Bin Tughlak. Ibn Battuta, the Moroccan scholar spent some time at this Sultan’s court and wrote of him as a man who seldom took advice and depended solely on his own judgment. Modi and Tughlak. Tughlak is famous in Indian history for shifting the capital from Delhi to the South Indian city of Daulatabad. It is said that he forced the whole population of Delhi to shift as well. As Ziauddin Barani wrote about him, “Without consultation or weighing the pros and cons, he brought run on....
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Sequoia Capital India and more than 40 VC Firms Inject $450 Million Into Polygon’s Coffers
Polygon has raised $450 million from strategic investors according to a press release sent to Bitcoin.com News on February 7. The funding round was led by Sequoia Capital....
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BTCC exchange CEO Bobby Lee has become the latest Bitcoin figure to refute claims the cryptocurrency is being used for Chinese capital flight. Lee: Bitcoin Capital Flight ‘Simply Not The Case’. In a post published Wednesday, Lee said that “from everything I’ve seen on the ground here, running one of the largest Bitcoin exchanges in China, this is simply not the case.” His comments follow those made late last year by Bitquoints CEO Joseph Wang, who described Bitcoin as “useless” for moving money out of China. “The talking point is that many Chinese people are now using Bitcoin as a means to....
More and more mainstream attention focuses on the potential use of bitcoin for capital flight in China — while blockchain breaks new ground. China Capital Flight in BTC ‘Makes Sense’. As growth in the world’s largest bitcoin-trading country slows, correlations in the USD price of the Yuan and bitcoin are leading to suggestions that investors are using....