Blockchain could play a key role in financial inclusion in India: David Lee Kuo Chuen6 min read 25 Jul 2017, 12:17 AM IST
Singapore University economics professor David Lee Kuo Chuen on cryptocurrencies, such as bitcoin, and blockchain and what they can mean for fintech in India
Mumbai: The journey of cryptocurrencies and blockchain technology dates back to 2008—the year of the global financial crisis—when Satoshi Nakamoto published his white paper on the bitcoin. Nine years on, the world is still trying to make sense of this technology. Governments in Japan and China have taken the lead while India is close to deciding the way forward for bitcoins. Mint spoke to David Lee Kuo Chuen, economics professor of fintech, Singapore University of Social Sciences, about China and Japan’s regulatory stance on bitcoins and where blockchain is headed. Lee was in Mumbai for the Fintech Summit 2017: Blockchain for Business, organized by the Indian School of Business (ISB). Edited excerpts.
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