This has caused VC firms such as Sequoia to explore investment options in companies registered outside India, such as in Singapore, where regulations are not this tight,” this person said. Sequoia Capital, Accel India, CoinSwitch and Zebpay did not reply to queries from ET.IDG managing director TC Meenakshisundaram confirmed his firm is evaluating blockchain startups. The classic venture capital model comes under a bit of threat in the way ICOs are set up. “The big mental shift from a VC angle is the equity versus tokens question,” said Nitin Sharma, a former VC at Lightbox and now founder of blockchain community Incrypt. But several experts say such a profit may be possible considering the high trading volumes on cryptocurrency exchanges until recently.

Source: Economic Times March 23, 2018 02:03 UTC