cryptocurrency india news: View: India does not need a ban but a robust policy on crypto

February 15, 2021 John Bitcoin 0

Synopsis

During the Covid-19 pandemic, when a majority of Indians were facing pay cuts and job losses, the average daily crypto assets trading volumes across top Indian exchanges grew by nearly 500% since March 2020 when the Supreme Court struck down RBI’s April 2018 circular.

In the last few months, we have witnessed many developments on the global front within the Bitcoin (BTC) and cryptocurrency space. Payment companies like PayPal have openly embraced and enabled purchase of BTC and other digital assets for their massive user bases. Canada just approved the world’s first BTC exchange-traded fund (ETF). Several US companies like Tesla, MicroStrategy and fintech company Square have added BTC holdings to their

BY

Sumit Gupta

ET CONTRIBUTORS

6 mins read, Last Updated:

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