India is a really strange country when it comes to cryptocurrency and blockchain technology. With a great deal of contrasting reports relating to the future guideline of this market, anything and whatever could still alter in the near future. It now appears the federal government might prepare to reverse the “restriction” on cryptocurrency activity.
India Continues to Surprise
As a country with a strong concentrate on innovation and financial innovation, Whether any favorable advancements need to be expected is a different matter altogether. It is definitely possible things will improve in India, however it appears extremely little bit will alter in the weeks to come. That does not mean the cryptocurrency industry will not flourish in India, as consumers and business are finding ways to bypass any restrictions put in location by banks and other regulatory entities.Additionally, there is likewise a growing OTC market in India since right now. Instead of depend on central trading platforms, OTC trading gets rid of the middleman from the formula entirely. Any attempt to make life challenging for exchanges throughout India will push more people to the OTC market, which can not be managed. It’s an intriguing situation well worth keeping an eye on.