Andressen Horowitz, one of the largest venture capital firms in the world, is reportedly aiming to deploy $500 million in the Indian startup sector. The move comes three months after the company–commonly referred to as a16z–raised $9 billion for a trio of new venture, growth, and bio funds.
Coinbase, a leading cryptocurrency exchange, will host a special online crypto event on April 7, intended to showcase the promise that Web3 and blockchain technology holds for the economic development of the world’s second-most populous country.
Following the recent development surrounding the digital rupee, and the Fed’s whitepaper on a USD-based central bank digital currency (CBDC), Politico is now reporting that the European Union officials are preparing legislation on blockchain-powered digital euro.
During a recent discussion on India’s federal budget, the country’s minister of finance and corporate affairs, Nirmala Sitharaman, announced plans to impose a 30% tax on any income generated from the transfer of digital assets, and spoke about the launch of a digital rupee CBDC.