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How India's Crypto Covid Relief Fund is cashing out amid the country's legal roadblocks

Quick Take

  • India’s Crypto Covid Relief Fund received over $1 billion last month from Ethereum creator Vitalik Buterin.
  • While the fund’s value has dramatically fallen since then, it is still worth around $375 million.
  • Here’s how the fund is cashing out since crypto remains a legal grey area in India.
Last month Vitalik Buterin donated $1 billion worth of crypto to a fund dedicated to pandemic relief in India. Now the fund has to cash out.

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Aug 11, 2021, 5:18PM UTC
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