The craziness of Crypto In India!

Nowadays, crypto is not a new name for Indians! India’s cryptocurrency craze is minting a new class of investors: the enterprising teen. Notwithstanding the legal ambiguity on whether cryptocurrency investment is permitted in India and huge volatility in prices, the country has the highest number of crypto owners in the world at 10.07 crore. Recently, Former Reserve Bank of India (RBI) deputy governor R. Gandhi said that cryptocurrencies should be treated as an asset or commodity in India and governed by existing laws for exchanges. The Indian cryptocurrency market has been growing exponentially over the last few years and is expected to reach up to $241 million by 2030 in India and $2.3 billion by 2026 globally. While there is uncertainty over the cryptocurrency ecosystem in India, global coin exchanges have found it hard to ignore the potential for growth in a country of 1.3 billion people.

6 views0 comments