- When Vitalik Buterin, one of the creators of the cryptocurrency Ethereum, donated more than 50 trillion Shiba Inu coins ($1 billion) into an aid fund for Covid-ravaged India, it raised more concern than relief in the crypto-wary nation.
- Not only did the contribution -- more than 5% of total Shiba Inu coins in circulation -- send prices plummeting by 50%, it also created questions about how to use the currency in a country that strictly monitors foreign inflows and where the central bank has voiced “major concerns” about cryptocurrency in general, forget about a memecoin.
How to Use 50 Trillion Shiba Inu in Covid-Hit, Crypto-Wary India
Updated May 15, 2021 03:35 am
local_offerTags: cryptocurrency central bank Shibu Inu coins
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