Startups raised $3 billion through cryptocurrencies in 2017
Startups globally, including several Indian startups, have raised close to $3 billion through initial coin offerings (ICOs) in 2017, despite regulations from some governments. Indian startups like Belfrics and Drivezy raised $2.2 million and $5 million respectively through ICOs in other countries. Recently, Facebook, Google, and Twitter announced plans to ban ads showing cryptocurrencies and ICOs.