With the Indian economy not doing so great, small cryptocurrency exchange startups have been new avenues for employment for the growing number of techies in my country.
But ofcourse, the government and the central bankers have a different outlook on all of this. Instead of helping improve reducing the growing issues of unemployment as well reducing the issue of youth who are unemployable we are busy thwarting adoption of growing technologies and avenues.
Exchanges are just a tiny component in the Fintech industry where today blockchain startups are growing in popularity just as companies looking to build software in the early 90s.
India produces a large number of IT professionals. Many are certainly skilled enough to work on blockchain tech and there are several who are doing it already. But this number can grow significantly if the government puts its money where it’s mouth is!
No Jobs and Pending Loans is an article that describes the present scenario in the market.
Large sections of fresh engineering graduates are fighting unemployment with the baggage of education loans going up to several lakhs. Settling for any and every job or digressing from B.Tech to other sectors is the new normal among these jobless techies.
Layoffs in the IT sector in the past year alone has hit several employees very hard. It’s great if you are a self-employed individual today managing to make your ends meet somehow depending on yourself. But if you are looking for a lucrative career in IT it’s not easy as it may have been a few years ago.
Several of my friends and peers are in the IT sector and some of them have been struggling due to the changes in the industry.
Bankers can't tell the difference between memes and research -TheNextWeb
It’s actually true. You might want to read “Financial overlords are spreading cryptocurrency misinformation disguised as research.”
Bankers are in collusion with the government. Government make policies that are generally beneficial to the banks because these guys hold a ton of political funding for the government that is in power and the opposition.
Often times politicians are on the boards of some banks directing their monetary policies. Nobody in this corrupt eco-system wants the common man to thrive.
Political speeches that promise the moon are more often than not lip service at best. Our population is out of control. Most people could care less about the well being of the society over their own and most of our politico subscribes to the same mindset behind closed doors, filling their coffers from tax payers money.
We have to take care of ourselves. Find opportunities in every problem that we face. Our work needs to ensure sustainability for the future generation as well.
Governments are great but they are far from adapting with the times. Certain sections of the Indian government is largely protectionist and unwilling to adapt. We just have to show them the way I suppose by doing what is right for us... ;)
RBI called for a ban on banking services and exchanges found a way around the ban to legally continue supporting the crypto-environment in India. That’s how we roll here.
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