Billionaire Tim Draper, venture capitalist and founding partner of Draper Fisher Jurvetson (DFJ), Draper Associates, and the founder of Draper Venture Network and Draper University is now hopeful after the Supreme Court’s Judgement that the best ideas will ultimately prevail in the crypto market in India.
Draper had earlier criticised the Indian government for mulling to ban cryptocurrencies.
After the judgement, Draper recently had made a trip to India and interacted with some of the key Indian crypto ecosystem stakeholders. On his plans pertaining to the Indian market, Draper said he had met several Bitcoin and crypto startups and was looking into funding a number of them.
The latest judgement from the Supreme Court has brought winds of change in the crypto industry. While Zebpay has already made a comeback to India market under a different company name and new leadership, global exchanges such as Binance and OKEx have entered the Indian market as well. Recently, Binance announced the acquisition of Indian exchange WazirX, OKEx entered into a partnership with another Indian exchange CoinDCX.