impact of cryptocurrency in india


What is happening with cryptocurrency in India?

    When India’s national bank, the Reserve Bank of India (RBI), attempted to restrict all cryptocurrency trade, the Supreme Court overturned it. Furthermore, the Central Board of Secondary Education (CBSE) and Maharashtra, an Indian state, adopt blockchain technology to produce tamper-proof certificates.

Is the Indian government neglecting cryptocurrencies?

    There are numerous encouraging characteristics of cryptocurrencies that the Indian Government appears to neglect. During an economic slowdown, the cryptocurrency assets have the potential for high return rates, turning out to be a magnet to many Indian investors.

Is Indian stock market a better bet than cryptocurrency?

    If you have done the research well, then yes Indian stock market is a better bet then cryptocurrency. Cruptocurrency is not regulated in India and non of the best brokers provide trading in it. You will have to risk your capital if some day the RBI or some government institution bans the trading on cryptocurrency as it has already happened once.

Why is the crypto industry stalled in India?

    This stalled the rise of the crypto industry in India, as exchanges required banking services for sending and receiving the money. The banking service is essential for the conversion into cryptocurrency and in turn for paying salaries, vendors, office space etc.
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