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Yes, it is very likely that crypto will rise again in India. Although the Indian government imposed a blanket ban on cryptocurrencies in 2018, they have recently taken steps to create favorable regulations for crypto exchanges and other entities dealing with digital assets. This move has been seen aRead more
Yes, it is very likely that crypto will rise again in India. Although the Indian government imposed a blanket ban on cryptocurrencies in 2018, they have recently taken steps to create favorable regulations for crypto exchanges and other entities dealing with digital assets. This move has been seen as positive by those in the cryptocurrency community in India, who see this as an opportunity to rebuild their businesses with adequate regulation. Additionally, many of India’s large tech firms are investing heavily in blockchain and cryptocurrency technology, which signals good things for the future of crypto adoption within the country. It may take some time before cryptocurrencies gain full acceptance from Indian authorities, but these recent developments suggest that there can be a renewed interest from investors looking to enter into the space.
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