Gemini’s Strategic Vision for India as a Web3 Hub
In an exclusive interview with CryptoNews, Pravjit Tiwana, Gemini APAC CEO and Global CTO, discussed the company’s strategic vision for India as a core hub for Web3 innovation. Tiwana believes that India will play a pivotal role in leading web3 innovation not only for Gemini but also for the broader web3 and crypto community. As part of this vision, Gemini announced plans to invest $24 million in expanding its presence in India over the next few years.
India’s Importance in Web3 Innovation
Tiwana explained that Gemini considered multiple geographical locations for another development center before choosing India. The large population in Asia is expected to shape the evolution of web3, making it crucial to have a presence in India. Additionally, India’s talented workforce, which has historically been at the forefront of software development, is seen as a key factor in driving web3 innovation.
Gemini’s Expectations on Regulations
Gemini’s focus in India is on building a development center for engineering and product perspectives. While the company is not launching its products in India currently, it closely monitors the regulatory landscape. Compliance with local regulations, security, transparency, and compliance are top priorities for Gemini. The company expects India to establish a regulatory framework for the crypto industry in the future.
Gemini’s Vision for the Future
Gemini plans to expand its operations in India over the next two to three years. The integration and technological maturity of their global products are expected to make India one of the prominent places for Gemini. With over 50 employees already onboarded at their office in Gurgaon, Gemini aims to hire rapidly and expects to have around 180-200 employees in the next 12 to 18 months. Gemini’s CTO believes that India will be a core area for innovation in web3 and the broader crypto community.
Hot Take: India’s Key Role in Web3 Innovation
Gemini’s strategic vision positions India as a crucial hub for web3 innovation. With its investment in expanding operations and the belief in India’s talented workforce, Gemini aims to contribute significantly to the global crypto community and web3 development from its Indian development center. As regulations continue to develop, Gemini anticipates India to establish a regulatory framework for the crypto industry. By focusing on compliance and prioritizing security and transparency, Gemini is poised to play a leading role in shaping the future of web3 innovation in India.
By
By
By