Large Institutional, DeFi Activities Dominate India Crypto: Chainalysis — CoinDesk

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“We’re seeing huge growth [in India’s DeFi ecosystem], with many developers moving into the space after having worked at traditional tech unicorns,” Krishna Sriram, managing director at blockchain safety agency Quantstamp, stated to Chainalysis within the report, titled “Central & Southern Asia and Oceania Have High Grassroots Adoption But Reasons Vary Greatly Across Countries.”