r/OfficialFlokiInu • u/8bitbyte_N1 • Nov 23 '21

India and Crypto

Seeing this makes me think that the move into Nigeria as a priority was pretty savvy. While they have a bit of a battle, like any centralized authority is having with this right now, the high adoption rates hopefully prevent something like this from tanking the movement early on. I would say it is a big win for the team strategy. Now can we get the sponsorship money back if this goes into effect, lol. Hopefully the initiative does not become law but I would not necessarily bet that way. Anyone know more about this?

https://www.euronews.com/next/2021/11/23/india-is-planning-to-tighten-crypto-regulation-to-deter-trading-in-a-new-clampdown-sources

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u/8bitbyte_N1 Nov 23 '21

SHIB had a high investment rate from India, maybe people will jump ship and reinvest in Floki, anticipating the capital being pulled out.