Why crypto firms are on a flight to Dubai

During a Zoom call late last year, Sandeep Nailwal, the founder of Ethereum scaling platform Polygon, was juggling multiple tasks, flitting in and out of his office cabin in Dubai.

“Three-digit million,” he exclaimed, breaking into a wide grin. “That’s what we are looking to raise.” Just the day before, on November 23, India had decided to introduce a crypto Bill in the winter session of Parliament. However, a Lok Sabha notice ended up


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