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crypto: Financial technology getting politicised and weaponised: Akshay BD

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It would be a pretty bleak future for the internet, if one were to subject everybody to the changing nature of foreign policy of every country around the world, says Akshay BD, investor in Crypto Startups. In an interview with Nayantara Rai of ET NOW, the startup investor said there is a massive opportunity for founders in India to build neutral rails and protocols for communication and payments for the world. Edited excerpts:


OpenSea, the world’s largest marketplace for NFTs, has blocked users from Iran including Iranian artists. We have been hearing about similar cases on different platforms, including Soft Wallet. I thought the entire point of Web3 was decentralisation, accessibility to everyone. Do you think the basic philosophy of Web3 is under threat?

We are potentially moving towards a world that is less globalised. As the world deglobalises, the question to ask is whether we will still have one internet.

If we do not have one superpower, we are seeing some tension arise on that front. As a result, some of these companies — which are centralised and are regulated in…

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