The richest man in Asia, Indian billionaire Mukesh Ambani is majorly bullish on blockchain as the country prepares to introduce a bill to regulate the crypto sector.
“Digital technology, I believe, is a great leveler, a great democratizer,” he said during the Infinity Forum. “Today it still is a world where large companies get easier finance and small companies don’t get easier finance, and the same thing with people, and I think that will change.”
Ambani’s Reliance Industries is a conglomerate made up of telecom, retail, logistics, and life sciences companies. It owns a controlling stake in Jio, the nation’s largest mobile phone operator.
In the next decade, the introduction of a regulated crypto industry into India “will enable and redefine the decentralised financial sector in a way we have never imagined,” he said.