Future of Crypto in India …
Cryptocurrency has been controversial in INDIA since the Judgement of Supreme Court of India on April,2018 ; which has sought a interim ban on the bank accounts of Indian Crypto Exchanges.
Finance Minister of India have repeatedly asserted in Parliament that a team is already studying the ways to regulate cryptocurrencies. When talking to a senior officer at RBI one of the party in the case, who refused to disclose his identity told us that the draft is in final phase and to be patient for regulations because Government wants to keep a check on Black Money and provide security to the investors although it would attract taxation. Furthermore he added that even Prime Minister Narendra Modi, is highly positive for the Blockchain technology and he have asserted in some of his rallies as well. Digital India is a Flagship program of Prime Minister and a committee is already appointment to check the benefits of Blockchain Technology .but people often mixes Blockchain and Bitcoin!
Crypto is going to be legalized sooner or later in India.