What is the future of Cryptocurrency in INDIA?
Cryptocurrency craze has grown at a furious rate in India after the Supreme Court lifted the ban on digital currencies. The high rate of returns is luring many investors towards investment in crypto coins, despite it being highly volatile and risky. According to crypto research and intelligence business CRE BACO, Indian crypto investments have increased to over $10 billion from $0.9 billion in April'20,as the crypto market touched all-time highs. The total number of crypto owners in India now stands at 10.07 crore, which puts it ahead of every other country in the world. US stands at second positions with number of crypto owners at 2.7 crore, followed by Russia (1.7 crore) and Nigeria (1.3 crore). A leading cryptocurrency payments company, global crypto ownership rate currently stand at 3.9%, with over 30 crore currency payments. Even in India, Crypto currencies has gained prominence ever since the RBI ban was lifted in March 2020. I...