What is the future of cryptocurrency in India 2019 ?

July 26, 2019

Future of Crypto -


A Government panel in India have suggested Ban on Cryptocurrency which is not good for the country as many other countries and many brands in the game accept crypto as a medium of exchange and it is really profitable if you hold some crypto in your wallet as we saw that in the past few weeks the price of Bitcoin was near 14000$ . So many people took the advantage and profited from it. This blog will cover all the major points which can affect the future of crypto in India. 

What will happen if Crypto gets banned in India?

Timothy Cook Draper is an American capital investor who said that India will fall back by 40 years if crypto gets banned in India because corruption from India has still not uprooted and it could damage country's economy. There are still many cryptocurrency users in India which use it in several ways and earn profit from it. Many people in India use crypto as a currency to pay someone for their work, to buy clothes, buy food, etc. And some government officials want a " Digital Rupee " to take place of other cryptocurrencies which is totally hilarious because if it's launched, it will be a complete failure. I myself have seen the importance of crypto as I surf through different forums and know what it's like to be a crypto holder in India.
Banning of Crypto in India is like holding out the progress of the nation.


So at the particular moment, the future of crypto in India doesn't look good due to the appeal to ban it and many crypto holders are scared as they will suffer great loss in this field. Tell us your valuable comments in the comment section regarding this topic, Thank you!














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