Jignesh Shah likes crypto
The enfant terrible of commodity exchanges is eyeing a comeback riding the crypto wave. But will Shah’s past be his biggest stumbling block?
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Editor's note: Jignesh Shah is making a comeback with a play in the crypto asset space in India. On Monday morning, the cryptocurrency community on social media and in private platforms were chattering about an advertisement placed in financial dailies. The ad by 63 Moons Technologies was promoting a new platform called “Crypto Wire”. 63 Moons is the rechristened Financial Technologies (India) Ltd, or FTIL, which Shah had founded in 1988. Source: Business Standard epaper While some wondered how someone whose company had defaulted on payments of Rs 5,600 crore could start a new company, others questioned the efficacy of the proposition Shah was making. On 9 December, 63 Moons's subsidiary Tickerplant Ltd will unveil a crypto university, crypto TV and a crypto wire, all topped by a “global crypto super app”. Already, the opinions are divided. “This isn’t just NGMI, this is NEGMI - NEver Going To Make IT,” tweeted Sumit Ghosh of Chingari, whose social media company has launched the GARI crypto token. (“NGMI” is common crypto slang for “not going to make it”.) On the other hand, Arun Kejriwal, …
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